the SONAR site implies NTI includes fuel but VCRPM1.USA seems to have no fuel. are you comparing like for like?
NTI.USA β A 7-day moving avg
NTIL.USA β A 7-day moving avg of the daily spot rate less the estimated cost of fuel. Fuel costs are based on the avg retail price of diesel fuel and fuel efficiency of 6.5 miles per gallon.
@christankerfund is it odd to you that ocean rates have come down so much, but ocean charter rates have held really strong? it seems these would need to converge at some point in the future?