Liner stocks are following spot rate trends — except for Maersk
- Adjusted closing prices of Zim, Matson and Hapag-Lloyd are down over 20% year to date, whereas Maersk is up 19%
- SCFI Shanghai-US west coast index rose 14% week on week and is now up 33% from lows hit two weeks ago
- SCFI Shanghai-North Europe index fell 11% week on week and 21% versus two weeks ago, as peak season winds down
Recent spot rate trends have been mixed, with European weakness offsetting a bounce in US lanes. Liner stock performance has also been mixed, with Maersk’s shares posting year-to-date gains as others have lost ground
