SCFI inches up 3.4%

The Shanghai Containerized Freight Index increased 3.4 percent since last Friday to a reading of 824.39, largely driven by significantly higher rates from Shanghai to the United States.

Danaos records $8.4m loss in Q3

The Athens-based containership owner and chartering company’s earnings were hindered by Hanjin filing for bankruptcy at the end of August and the charter restructuring agreement it entered into with Hyundai Merchant Marine in July.