SCFI Europe rebounded by 14% week-over-week after the market closed last Friday
(October 25). This increase may have been anticipated by EC traders, as EC2412
was only up by 1.9% during intermission this morning.
Average utilization continued to improve. Since the last Daily CoFIF on October
25, two more ships have departed: OCEAN's NEU6's EVER ALOT left Singapore with
98% utilization, while 2M AE7's MAERSK HORSBURGH departed Tanjung Pelepas with
91% utilization.
Average freight rates quoted o