This week, the Shanghai Containerized Freight Index (SCFI), which measures spot prices on container cargo from Shanghai to a number of global destinations, fell by 4.7% to 3,562.67.
It was the index’s ninth consecutive week of decline.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.