Container freight futures tumbled on 7 April as concerns over a potential global recession following Trump’s tariff announcement. Apart from the short dated EC2504, all the other EC contracts have declined by 10-15% since the tariffs were announced on 2 April. However, the sell-off was less dramatic than the 20% correction in liner equities over the same period. Trading volume surged to 120,000 lots on 7 April on heavy trading but open interests dropped by just 3% today, as the futures largely a