Asia-North Europe forward freight prices on CoFIF were mostly unchanged last
week, with the SCFI spot rate assessment slipping by 1.7% after surging by 32%
the week before, while the latest SCFIS recorded a 1.7% increase following the
7.7% gain a week before.
The CoFIF is settled on the SCFIS (Shanghai Export Containerized Freight Index
based on Settled Rates) which is based on the blended average settled rates
determined by the Shanghai Shipping Exchange with a base index of 1,000 as at
May 20