Aggressive capacity management by carriers, currently being monitored by the Federal Maritime Commission (FMC), has pushed the US west coast Shanghai Containerized Freight Index (SCFI) into uncharted territory with spot rates breaching the US$3000/FEU barrier for the first time in the history of the index.
Impressive discipline from container lines coupled with demand has belied the 33% contraction in the world’s largest economy in the second quarter of the year, pushed the index to a historical...
https://container-news.com/fmc-monitors-lines-as-scfi-breaks-us3000-bar/