SCFI blip can’t mask deepening container carnage ahead of Q4

Red ink is forecast to splatter across the balance sheets of containerlines in the final quarter of the year despite the Shanghai Containerized Freight Index (SCFI) snapping its more than two-month decline today.  The SCFI broke its 11-week-long losing streak today, climbing 30 points to 1,445 points. However, Drewry’s rival World Container Index, published yesterday, …