All EC contracts are down this morning, following a consistent trend since last
Wednesday, where the longer-dated contracts have underperformed. Maersk released
its quotations for December shipments at $6,000 per FEU, while MSC reduced its
quotation for November shipments to $3,740 per FEU. Although the average
utilization for the alliance services has reached new highs since June,
independent services such as MSC's Britannia and Hapag-Lloyd's CGX have been
trending downward.
Far East-North Eur