SCFIS

Markets

Spot Rate Uptrend Continues

Fears over a container market correction sparked by the possible end to hostilities in the Middle East proved to be premature as Chinese freight futures regaining all of last Tuesday’s losses, with further gains still to come after the SCFIS recorded a 3rd straight week of double digit % gains. The introduction of 3 new North Europe strings by Hapag-Lloyd (CGX) in June, followed by MSC (Britannia) and CMA CGM (French Peak) in July has not dampened the rate momentum with the SCFI rising by 5.7%

© 2023 Linerlytica (ver. 1.0.17). All rights reserved.
Liner Analytics Pte. Ltd.