The ‘Fortnight Brace’ governs today’s ocean spot market

Recently, the movement of one week’s Shanghai Containerized Freight Index (SCFI) has been a pretty reliable indicator of the following week’s World Container Index (WCI) by Drewry. Look Here’s the % week-on-week growth on the Asia-North Europe trade for weeks 23-26 (click to expand the table below)… … the pattern is pretty straightforward, suggesting this week’s base case is that the WCI’s Shanghai-Rotterdam leg will show a double-digit percentage increase on last week. (Drewry’s World Container Index is typically released weekly on Thursday.) Meanwhile, the ...