Container freight futures being traded in Shanghai continue their rally this
morning as liners started to revise up their online FAK quotations and the
utilization for vessel departed over the weekend showed sequential improvement.
Next data point is the SCFIS to be released at 3pm today. The last SCFIS
suggests a freight rates of around $4000 per 40' container. The likely freight
rates for last week, for which today's SCFIS will be based, could drop to
$3600-3700 i.e. 8-10% WoW drop.
Liners