News / Is that a light at the end of the tunnel for weary container shipping lines?

In better news for ocean carriers, there seems to be emerging evidence that mid- and longer-term contract rates are firming up, post-Hanjin.

The Shanghai Containerized Freight Index (SCFI) did not publish today, due to the Chinese Golden Week national holiday, resulting in a temporary pause in visible spot rate volatility.

In the past two weeks, the Shanghai-Europe legs of SCFI gave back all of the 30-40% gains that followed Hanjin Shipping’s collapse on 31 August, to drive spot rates back down to $699 ...