It was another week of mixed signals on spot container freight rates from the major indices – the Shanghai Container Freight Index (SCFI) continued to show significant variance against indices provided by Drewry, Xeneta and Freightos.
In particular, the SCFI reading for the Shanghai-Med port base this week, which saw rates rise 12 percent week-over-week to $3,966 per 40 feet, was a notable outlier.
It meant that SCFI…
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