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Busan Container Export Index Drops 6.8% Amid Broad Trade Lane Weakness
['Mfame Editor']
mfame.guru
Busan’s container export market continued to slide last week, with the KOBC Container Composite Index (KCCI) falling 6.79% to 1,785 points, according to the Japan International Freight Forwarders Association (JIFFA).
This marks the second consecutive week of decline, reflecting weak demand across most global trade lanes.
The U.S. West Coast dropped 12.06% to US$2,019 per FEU, while the U.S. East Coast slid 7.04% to US$3,308 per FEU.
West Africa also slipped 2.6% to US$3,927, while Latin America’s west coast plunged 14.05% to US$2,429.
The continued fall in the KCCI underscores the fragile state of the global container shipping market, with most trade lanes struggling under weak demand.