Ocean freight rates are past peak season on the Transpacific and Asia-North Europe, but a widening gap between the NYFI and SCFI on Asia-US West Coast is raising questions about which number actually reflects the market. In this episode, Lars Jensen and Caroline Weaver cover: Why NYFI and SCFI measure fundamentally different things, and how to spot a &quot;phantom GRI&quot; before it costs you What index-linked contracts actually protect you from, and how to pick the right index for your business The current East Coast/West Coast rate divergence and what&#x27;s driving it Escalating Middle East shipping risk, including the attack on tankers in Damietta, and why carrier profits aren&#x27;t proof of market manipulation Sign up for weekly podcast highlights and never miss valuable intel.

Same Trade Lane, Different Numbers: Decoding Freight Indices

Supply Chain Secrets

You're now listening to the Supply Chain Secrets Podcast, the ultimate insider's guide for all things ocean shipping. Brought to you by NYSHEX, helping you deliver through volatility. Hi everyone, you're listening to the Supply Chain Secrets Podcast. I'm your co-host Caroline Weaver and with me is Lars Jensen. Lars, where are you calling in from? Hello, I am calling in from beautiful north coast of Spain. I'm overlooking here the Bay of Biscay

just outside Bilbao this week. That sounds so peaceful. It is. Awesome. All right, let's get started talking about this week's read on NYFI rates. Let me share my screen here. So pulled up, I have Asia to US West Coast. Can you talk about where the rates are at right now? Yeah, as we can also see here, rates are abating slightly. It's not that they're dropping, they're abating slightly going down. This is the second day consecutive week, which is in line with

the conversation we had a week ago. Yes, we are past the apex of the seasonal peak earlier than usual, largely driven by some inventory replenishment. You can say from that perspective, not really surprising. What I want to add a few comments on here is actually in addition to what the NYFI here is showing. Because if you are looking at the Shanghai container freight index or the SCFI that came out on Friday,

it actually staged a substantial increase in the location of the American West Coast, about $700 per 40 foot. And here, it's very important to notice that different indices measure different elements of the market, other than any of them are right or wrong. They measure different elements.

Same Trade Lane, Different Numbers: Decoding Freight Indices

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Same Trade Lane, Different Numbers: Decoding Freight Indices

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.