The SCFI and SCFIS continues to move in opposite directions for the 3rd straight
week with the SCFI continuing to retreat while the SCFIS remains in ascendance.
Actual settled rates reflected in the SCFIS are still catching up with the full
effects of the initial November rate hike, while carriers’ current quotations in
the SCFI reflects the recent rate weakness as carriers scale back from their
initial $4,500/feu asking rate to the current benchmark of $4,000/feu.
However, the SCFI is expecte