The SCFI released after the market close last Friday jumped by 22%
week-over-week but remains below the current price of EC2412, implying $5,500
per FEU.
While the overall SCFI index tends to follow its own trend, SCFI Europe does not
show the same sensitivity to trends. In the past 15 years, the SCFI Europe has
rallied over 20% week-over-week 46 times, with 28 of those rallies followed by a
decline the following week.
Utilization for most vessels that departed over the weekend tracked below t