The SCFI retreated last week by 1.6% after 14 consecutive weekly gains in a
further sign that the market has peaked. While demand remains firm, supply has
also risen with capacity injections most notably in the Indian subcontinent,
Latin America and US West Coast routes where freight rates are the most
lucrative currently. This has capped freight rate increases on those routes, but
overall capacity utilisation remains tight, with rates still rising on the
Asia-North Europe route as schedule disr