Red Sea crisis forces Maersk to increase capacity over strategy limit
Maersk Line appears to have temporarily abandoned its strategy of maintaining capacity at no more ...
© Mr.siwabud Veerapaisarn
Trading of China’s container shipping futures (CoFIF) rallied last week, as Middle East peace talks collapsed and Israel indicated it was going to attack Rafah.
Rates on the two main Asia-North Europe futures contracts, EC2406 and EC2408, traded higher on 30 April and yesterday, despite the shortened work week due to the US Labour Day holiday on 1-2 May.
Both contracts rallied as Israeli prime minister Benjamin Netanyahu said Hamas’s proposed ceasefire deal fell short of meeting Israel’s demands.
EC2406 and EC2408 contributed ...
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