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SCFI Index Rises for Fourth Consecutive Week as US East Coast Rates Near $10,000

Transportation · Marine Shipping · cnyes · 2026-08-21

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The Shanghai Containerized Freight Index climbed to 3409.63 points, driven by strong US-bound rates, as carriers prepare for potential mid-September price hikes.

What Happened

Index Performance: The Shanghai Containerized Freight Index (SCFI) rose for the fourth straight week, reaching 3409.63 points. While European and Mediterranean routes saw declines, strong gains on US routes kept the overall index in positive territory.

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Following a six-day rally, Wan Hai Lines reported strong July financial results with a net profit of NT$6.08 billion, driven by high freight rates and market demand.

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Wan Hai Lines Reports Strong July Earnings with EPS of NT$2.17

Transportation · economic_daily · 2026-08-21

Wan Hai Lines posted impressive July financial results, with net profit reaching NT$6.08 billion, driven by sustained high freight rates and healthy global shipping demand.

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Analysts Raise China Airlines 2026 EPS Forecast to NT$2.16

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Central Reinsurance H1 Profits Surpass Full-Year 2023, Shares Surge

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Oil Prices Surge on Iran Sanctions Threat, Boosting Taiwan Petrochemical Stocks

Process Industries · cnyes · 2026-08-21

Rising geopolitical tensions between the U.S. and Iran have pushed oil prices higher, triggering a buying spree by foreign investors in Taiwan's petrochemical sector.

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