EC container freight futures slumped on 11 November 2024 with the "Trump Trade"
driving down longer-dated contracts on trade tariff concerns as well as a
potential resolution of the Gaza crisis that could lead to the resumption of
regular vessel traffic through the Red Sea.
Near-term contracts for December 2024 and February 2025 slipped by smaller
amounts after a brief rally at the end of last week as hopes for the pull
forward of cargo bookings were dampened by carriers offering discounted rat