The freight futures market continues to follow a pattern similar to yesterday,
with near-term contracts being bought and longer-dated ones sold. One point we
overlooked yesterday is that Hapag Lloyd began quoting $7,000/FEU rates online.
However, most liners kept their online quotations unchanged over the past two
days.
Utilization improved slightly overnight, as the CMA CGM ZHENG HE, which departed
yesterday, registered nearly 100% utilization.
Far East - North Europe Head Haul