Spot rates still tumbling, with worse to come if carriers return to Suez
The downward spiral of container spot freight pricing accelerated this week, as China begins its ...
Trading of China’s Asia-North Europe container shipping futures saw double-digit gains for early 2025 freight levels, indicating that shippers believe the Houthis will continue to terrorise shipping in the Red Sea into next year.
Yesterday, from a week ago, the EC2502 (February 2025) and EC2504 (April 2025) contracts gained 17%, to 3,711 points, and 27%, to 3,097 points, respectively.
Around 8,000 to 15,000 contracts are bought and sold daily.
The new EC2506 (June 2025) contract gained 32% since it was released for trading ...
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