EC freight futures rebounded on 23 September with smaller than expected rate cut
by 2M and OCEAN Alliance carrier, with the spillovers from the expected US East
Coast dockworkers’ strike scheduled to start on 1 October. EC traders continue
rely heavily on surveys of carriers’ FAK rate quotations which dropped by -7%
last week (Week 38) compared to the -18% drop in Week 35.
However, the EC rates is expected to weaken in the coming week following the
13.9% WoW drop in the SCFIS on 23 September wh