Market sentiment turned positive for the first time since September 2022, as the Shanghai Containerized Freight Index (SCFI) recovered mildly in the week ended 2 April, according to Linerlytica’s latest report.
The rebound was supported by improved rates from East Asia to the Persian Gulf and South America.
Linerlytica remarked that there is rising conviction around a mid-April rate increase on some key routes.
Linerlytica said, “Carriers are making a last-ditch effort to raise spot rates on the...
https://container-news.com/mild-uptick-in-scfi-in-six-months/