The Shanghai Containerized Freight Index (SCFI) fell 14.3% in Week 38, sliding to 1,198.21 points as Japan International Freight Forwarders Association (JIFFA) reported. This marks its third straight weekly decline. Transport demand stayed weak despite the upcoming China National Day holiday. Oversupply of vessel capacity intensified competition, forcing carriers to slash spot rates on most […] The post SCFI drops 14.3% as weak demand pressures rates appeared first on Container News .