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PUBLISHER: Splash247 (www.splash247.com)

September saw boxship charter rates hit $200,000 a day, and companies shelling out incredible sums for tonnage – a six-year-old, 6,865 teu vessel fetching $135m for instance, while the Shanghai Containerized Freight Index (SCFI), a key bellwether of spot rates, soared past 4,500 points.

Now, however, the SCFI and other box shipping indices are all looking like they have peaked. The SCFI was down 29.69 points yesterday to 4614.1, its first decline for many weeks.

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