Longer-dated EC contracts have rebounded as traders reassess the likelihood of a
ceasefire in the Middle East, following reports that Israel has committed to
continuing its military operations in Lebanon. Overnight, OOCL reduced its
online quotation by 15-20%, now pricing shipments departing in November at
$4,050 per FEU. This change comes as OOCL's DEMARK service left the Far East
with utilization rates below 90%, which has pulled down the moving average
utilization for alliance services that h