Skip to content
Seven Colorsourcing.center by Seven Color Trading Co Ltd · China

China desk · sourcing news

Brief

SCFI edges up to 3,679.58 on 16 October as Europe and Mediterranean rates rise; Shanghai Shipping Exchange adds new 40ft lane indices

The Shanghai Containerized Freight Index (SCFI) rose 15.47 points to 3,679.58 in the week to 16 October 2026. Europe 20ft rates rose about 3% to US$2,335 per TEU and Mediterranean 20ft rates rose over 8% to US$3,250, while US West Coast and US East Coast 40ft rates each eased about 1%, to US$7,525 and US$10,405 per FEU. From the same day, the exchange began publishing new 40ft indices for Europe, the Mediterranean and Latin America, plus new 20ft indices for East Africa, Central/South America We

The Shanghai Containerized Freight Index (SCFI), published by the Shanghai Shipping Exchange, stood at 3,679.58 points on 16 October 2026, up 15.47 points from 3,664.11 on 9 October. Xinhua Finance reported that the China Containerized Freight Index (CCFI), which tracks contract as well as spot rates, rose 0.5% to 1,922.64.

Lane movements were mixed. According to SCFI figures reported by Taiwan's MoneyDJ, the Europe 20ft rate rose from US$2,274 to US$2,335 per TEU (about +3%) and the Mediterranean 20ft rate rose from US$3,002 to US$3,250 (over +8%). On the transpacific, the US West Coast 40ft rate eased by US$59 to US$7,525 per FEU and the US East Coast 40ft rate eased by US$119 to US$10,405, both down about 1% on the week. MoneyDJ cited industry expectations that Europe spot rates will hold around US$2,900 to US$3,200 per FEU in the second half of October.

Also on 16 October, the Shanghai Shipping Exchange Institute announced that it now formally publishes 40ft indices for Europe, the Mediterranean, South America (Santos) and Central/South America West Coast (Manzanillo), as well as 20ft indices for East Africa (Mombasa), Central/South America West Coast and India-Pakistan (Nhava Sheva). The composite has been reweighted to match. For example, Europe 20ft drops from 20% to 5% and the new Europe 40ft lane carries 15%. US West Coast 40ft moves from 20% to 17.5% and Southeast Asia 20ft rises to 10%.

SCFI lane rates include ocean freight and related surcharges such as bunker, currency, peak season, war risk, port congestion and canal surcharges. They are base-port spot indications, so actual quotes from forwarders can vary by carrier, origin port and cargo.

Source: Shanghai Shipping Exchange (上海航运交易所) / Xinhua Finance (新华财经) / MoneyDJ

Topics

  • scfi
  • freight-rates
  • ocean-freight
  • shanghai
  • container-shipping
  • europe
  • mediterranean
  • transpacific
  • logistics
  • china
  • sourcing

All news

Beibu Gulf Port Group: Pinglu Canal cargo passes 1 million tonnes in its first month, first Vietnam foreign-trade container route opens

The Pinglu Canal in Guangxi opened to navigation on 16 September 2026. Beibu Gulf Port Group handled more than 970,000 tonnes of canal cargo in the canal's first full month to the end of 16 October, and cumulative throughput passed 1 million tonnes at about 9:00 on 17 October, the group reported. Its logistics unit, Beigang Logistics, has opened the canal's first foreign-trade container route to Vietnam.

Zhejiang's first air pre-positioned cargo station, in Hangzhou's bonded zone, starts ramp direct loading for flights to Hong Kong

On 15 October 2026, export cross-border e-commerce cargo cleared customs and civil aviation security checks at the Hangzhou Comprehensive Bonded Zone air pre-positioned cargo station, Zhejiang's first, then went by sealed truck to Hangzhou Xiaoshan International Airport and was loaded straight onto a flight to Hong Kong, China, at the ramp, Zhejiang Online reported. The service is planned at 3 to 4 runs a week, with air export logistics time estimated at under 24 hours.

China News: Youyiguan China-Vietnam smart port completes trial runs on the Chinese side, targeting 24-hour Nanning-Hanoi freight

The Chinese section of the China-Vietnam smart port at the Youyiguan (Friendship Pass) - Youyi freight corridor in Pingxiang, Guangxi, has completed trial runs with real orders, real trucks and real cargo and is ready for traffic, China News Service reported on 18 October 2026. The Vietnamese side's supporting works are expected to open in October 2027. Once the full line is in use, officials say goods can move from Nanning to Hanoi within 24 hours and the port can handle more than 4,000 vehicle

China News: 2026 Jingdezhen International Ceramics Expo opens with 450+ exhibitors and a cross-border ceramics buyer matchmaking session

The 2026 China Jingdezhen International Ceramics Expo opened on 18 October 2026 in Jingdezhen, Jiangxi, China News Service reported. More than 450 domestic and international companies, over 40 international brands, nearly 100 overseas buyers and more than 150 domestic suppliers are taking part, across 140,000 square metres covering daily-use, cultural and creative, art, international brand and advanced ceramics plus the ceramics supply chain. The programme includes a cross-border ceramics procur

Dated desk notes, not a news feed Updates.

Need the factory-floor read on a story?

The China desk can map a cited development to your SKU, QC, and lane, from Xiamen, with Dubai 3PL when the stock needs a hub.

Get a quote in 24hWhatsAppI have a new product idea
  • D&B registered
  • Xiamen + Dubai hubs
  • Fast WhatsApp response
  • Factory network
WhatsAppSCFI edges up to 3,679.58 on 16 October as Europe and Medite