MSC revamps east-west network as alliance strategies on blanking vary
As container lines try to manage capacity in the face of wild swings in short-term ...
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By Mike Wackett
Notwithstanding further rate spikes this week, the Shanghai Containerized Freight Index (SCFI) is still understating the prices shippers are paying carriers, according to a senior analyst.
“It should be noted that the market is at a point where the SCFI is, in some cases, significantly underestimating actual rates paid,” said SeaIntelligence’s Lars Jensen.
However, the SCFI’s comprehensive index, reading 2,411.82, is 167% higher than a year ago, reflecting huge spot rate increases across all export trades from Asia.
For example, rates to the ...
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Gerry Lopez
December 19, 2020 at 7:51 pmCarrier like ONE and Hapag Lloyd are going to net close to 1 billion each . They have the money to charter tonnage but must remember this will not last