Liner fortunes upgraded on back of Red Sea shipping crisis

Having leapt by 40% last week, the Shanghai Containerized Freight Index (SCFI), the world’s most tracked spot index for box shipping, continued to climb today with a massive swathe of the liner fleet now making lengthy diversions to avoid the war-torn Red Sea. The SCFI was up by another 8% this week, at 1896.65 points, …

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