Shanghai-North Europe freight futures slipped marginally by 1-2% at the start of
the week with doubts emerging over the sustainability of the 1 November rate
hike. The SCFIS index finally ended its 13-week losing streak with settled rates
to North Europe holding up by 0.1% on 28 October just ahead of the planned 1
November rate increase while the SCFI pre-empted the increase on Friday with a
14% week-over-week rebound.
Although the SCFIS is set to rise next week on the back of the November hike