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SCFI eighth weekly rise: US West +3% to $7,560; Europe softens further

Commercial Times (18–19 Sep 2026) reports Shanghai’s SCFI rose 0.70% to 3,687.83 on 18 Sep — an eighth consecutive weekly gain. Far East–US West Coast 40ft rose 3.01% to USD 7,560; Far East–US East Coast rose 0.95% to USD 10,579. Europe and Mediterranean fell 6.48% and 5.34% to USD 3,683 and USD 4,074 per 40ft. Forwarders cite Sep 18–30 spot ranges of about USD 6,200–8,300 (West Coast) and USD 9,000+–12,500 (East Coast). Evergreen and Wan Hai sought West Coast hikes of about USD 300–400 from 15

Commercial Times (18 Sep and 19 Sep 2026 editions) reports that the Shanghai Containerized Freight Index (SCFI) rose 25.65 points, or 0.70%, to 3,687.83 on 18 September — an eighth consecutive weekly increase. The US trades again led: Far East to US West Coast 40ft rose USD 221 (+3.01%) to USD 7,560; Far East to US East Coast rose USD 100 (+0.95%) to USD 10,579. The paper notes US-lane strength has now run eight weeks since late July.

Asia–Europe moved the other way. Far East–Europe 40ft fell USD 255 (−6.48%) to USD 3,683; Mediterranean 40ft fell USD 230 (−5.34%) to USD 4,074. Near-sea Southeast Asia and Korea rose, while Japan eased slightly. Forwarders told Commercial Times that market quotes for 18–30 September remain elevated: roughly USD 6,200–8,300 per 40ft to the US West Coast, about USD 9,000-plus to USD 12,500 to the East Coast, and about USD 3,500–4,200 to Europe.

On carrier pricing, Commercial Times (19 Sep) says Evergreen and Wan Hai sought West Coast increases of about USD 300–400 from 15 September, while Yang Ming sought about USD 650, narrowing the gap with Evergreen. Forwarders cited five supports for short-term US firmness: Asian port congestion, low Panama Canal water levels, seasonal demand, pre–National Day (1 Oct) export rush, and carrier capacity control — plus bunker and canal-related surcharge upside. As Golden Week nears, some carriers are also offering promotional loads to fill holiday sailings; treat those as case-by-case, not a broad rate reset.

Source: Commercial Times (工商时报)

Topics

  • logistics
  • freight-rates
  • scfi
  • transpacific
  • golden-week

Xinhua: 140th Canton Fair opens in Guangzhou; Premier Li Qiang keynotes opening up; 30,000+ exhibitors, ~340,000 overseas buyers

Xinhua (14 Oct 2026, Guangzhou) reports that Chinese Premier Li Qiang delivered a keynote at the opening ceremony of the 140th China Import and Export Fair (Canton Fair). He said China will keep expanding high-standard opening up and will import more high-quality, high-value-added products. This edition gathers more than 30,000 exhibiting companies and about 340,000 overseas buyers. Phase 1 runs 15-19 Oct in Guangzhou, with later phases through 4 Nov.

GACC via NBD: China September exports $447.18bn (+36.3% YoY); imports $313.65bn (+31%); Jan-Sep exports +21.3%

National Business Daily (14 Oct 2026), citing General Administration of Customs (GACC) data, reports that in US-dollar terms China's September 2026 exports were USD 447.18 billion, up 36.3% year on year, and imports were USD 313.65 billion, up 31%. For January to September, exports totaled USD 3,370.7 billion (+21.3%) and imports USD 2,432.58 billion (+27.5%). The same day's SCIO/GACC briefing (China News) put September trade in yuan at RMB 5.16 trillion (+27.5%), the first month above RMB 5 tri

China News: Ningbo-Zhoushan rail-sea intermodal tops 1.6m TEU in Q1-Q3 (+8.5%); September sets monthly record

China News Service (14 Oct 2026, Ningbo), citing Zhejiang Seaport Group, reports that Ningbo-Zhoushan Port handled more than 1.6 million TEU of rail-sea intermodal cargo in the first three quarters of 2026, up 8.5% year on year. September alone exceeded 200,000 TEU, a monthly record. New products include a Middle East rail-sea train from Yiwu, domestic water-rail 'one-document' links, a Yiwu-Qinzhou domestic train, and an Aksu export train with Xinjiang 'one box to the end' export mode.

People's Daily/Jiefang Daily: Shanghai Port hits monthly record 5.135m TEU in September (+6.2%)

People's Daily Shanghai (13 Oct 2026), citing Jiefang Daily, reports Shanghai Port handled 5.135 million TEU in September 2026, up 6.2% year on year and a new monthly record. Mingdong Terminal set its own round-the-clock record at 30,056 TEU in a day. After typhoons Bavi, Dolphin and Sadr, SIPG said it cleared backlog ships with customs, maritime and border support, tightened export gate-in and transshipment flows, and cut non-working waits. Over National Day Golden Week the port handled 1.15 mi

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