The Golden Week holidays in China provided little respite for the sliding
freight and charter rates. There was no SCFI publication last week due to the
Chinese holidays but SCFIS (SCFI on Settled Rates), another index also from
Shanghai Shipping Exchange, was published yesterday (10 Oct) where the SCFIS for
Shanghai-USWC has fallen to level last seen in May 2020: 1,384, down 11% from
the last print on 26 Sep. The SCFIS for Shanghai-Northern Europe was 3,434, fell
13% since 26 Sep but still a mul