Fears over a container market correction sparked by the possible end to
hostilities in the Middle East proved to be premature as Chinese freight futures
regaining all of last Tuesday’s losses, with further gains still to come after
the SCFIS recorded a 3rd straight week of double digit % gains.
The introduction of 3 new North Europe strings by Hapag-Lloyd (CGX) in June,
followed by MSC (Britannia) and CMA CGM (French Peak) in July has not dampened
the rate momentum with the SCFI rising by 5.7%