Transpacific shippers preparing to begin annual contract negotiations with container shipping lines have been warned that the market for contract rates could be around 15% overpriced.
According to new analysis from SeaIntelligence Consulting, the normal correlation between the transpacific spot rate market, as measured by the Shanghai Containerised Freight Index (SCFI), and contract rate market, as measured by the China Containerised Freight Index (CCFI), has diverged in recent months.
In normal times, …

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Source: The Loadstar