Tag: FAK AND PSS
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China: Shanghai Containerized Freight Index nears 3,000 points amid peak-season demand, geopolitical tensions
Carrier surcharge hikes, Red Sea disruptions tighten fundamentals Longer voyages, re-routings reduce effective vessel capacity The Shanghai Containerized Freight Index (SCFI) rose 9.5% w-o-w to $2,985.2/twenty-foot equivalent unit (TEU) on 12 June 2026 as against $2,726.5/TEU on 5 June. The sharp rise reflects strengthening freight fundamentals across both Asia-Europe and Trans-Pacific trades. Market sentiment remained…