Both the CCFI and SCFI rebounded last week with carriers successfully reversing
the recent slide in freight rates with Asia-Europe rates still holding on to
most of their recent gains while Transpacific rates are staging a late rally
amidst growing USEC port labor tensions and the threat of rising trade tariffs.
Average CCFI rates in the 4th quarter is holding just above the 2nd quarter
levels which will ensure that carriers’ earnings will remain healthy in the last
quarter of 2024 with carrie