EC contracts are mostly up 1-3% on thin volume this morning. There are no long
buyers, and short sellers are hesitant to place their bets before the imminent
release of the SCFI, which is expected after the market closes tomorrow.
If the online quotations from the liners are accepted by any shippers, the SCFI
is projected to jump by 37% this week (from 2,481 to 3,400). However, we doubt
that the SCFI panel, which includes a large group of forwarders from China in
addition to the international l