The first Shanghai Containerized Freight Index (SCFI) published this year by the Shanghai Shipping Exchange stands at 2,870.34 points which is another all-time high.
Spot rates are expected to continue their rise in the coming weeks as carriers continue to struggle with a shortage of ships and 40’ containers to meet the huge cargo demand.
The start of the Chinese ‘Year of the Ox’ on 12 February will be very different for the liner shipping sector compared to previous years, as carriers are not implementing their usual blank sailings program in the weeks following the Chinese New Year.
Source: AlphalinerTweets by "Alphaliner"
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