The Shanghai Containerized Freight Index (SCFI) put a strong weekly reversal to end at 979 points, an appreciation of 5.1% on a weekly basis. Incidentally, this is only the second occasion where the index has registered a 5% weekly increase in rates over the past 26 months.
Its Shanghai Shipping Exchange counterpart the Chinese Containerized Freight Index (CCFI) had no such touchwood moment though, shedding further to 869.9 points on the back of yet another weekly depreciation of 1.17%, led by...