SteelMint

Tag: container index

  • SCFI retreats w-o-w as peak-season rally loses steam

    SCFI retreats w-o-w as peak-season rally loses steam

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    by

    Nikita Shukla
    in

    SCFI fell 3.3% w-o-w, extending its weekly decline Carrier discipline and geopolitical risks supported freight rates The Shanghai Containerized Freight Index (SCFI) declined 3.3% w-o-w to 3,080.31 points on 17 July from 3,184.82 points a week earlier, marking its second consecutive weekly decline. The correction indicates that the traditional peak-season rally is gradually losing momentum…