After posting heavy losses for the first six months, ocean carriers believe the worst is over and are optimistic of profitability in the third quarter.
Today’s Shanghai Containerized Freight Index (SCFI) reflects a generally positive message on spot freight rates, particularly on the transpacific, which will add confidence to the embattled liner industry.
The SCFI at 891.83 is up around 32 points on the same week of 2017, with Asia to the US the …

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Source: The Loadstar