Container freight futures continued their retreat after last week’s US tariff turmoil. Apart from EC2504 which expires in 2 weeks, prices for longer dated contracts fell by 7% to 14% over the week, driven by short sellers in heavy trading with average daily volumes rising by 59% week on week.
The SCFIS edged lower by 1.4% to 1,402 points on 14 April but could see some marginal gains in the next 2 weeks from the planned mid-April rate hikes with EC2504 trading at a 6% premium. Although EC2506 ra