Container spot rates ease as SCFI slips to 3,572, down 1.7% for the week to Nov 13

The Shanghai Containerized Freight Index, the weekly spot benchmark for container exports out of Shanghai published by the Shanghai Shipping Exchange, fell to 3,572.33 in the week to Nov 13, down 61.12 points, or 1.68%, from 3,633.45 the prior week. It is the second straight weekly decline on the composite, following the 1.46% dip in the week to Nov 6, and it marks a clear turn after five consecutive weeks of gains carried the index from its September low through the autumn peak.

Key Takeaways The Shanghai Containerized Freight Index fell 1.7% to 3,572.33 in the week to Nov 13, its second straight weekly decline after five weeks of gains. Drewry's World Container Index slipped 2% to $4,305 pe…