The longer dated EC contracts expiring after February 2025 have recovered most
of their losses in the previous week as hopes for an early end to the Gaza
conflict has diminished following the hawkish statements from Israel and
increased strikes against targets in Gaza and Lebanon.
The short-dated contracts for December 2024 and February 2025 largely held their
ground despite increased scepticism over the carriers’ ability to push through
additional rate hikes in December after their failure to