EC contracts saw minimal movement this morning as traders awaited the release of the SCFI for direction. Overnight, Maersk continued to slash their quotations, offering $4,400 per FEU from Qingdao to Rotterdam on an AE10 vessel departing on 22 December, compared to $4,700 per FEU for shipments departing from Shanghai before December 15. The utilization moving average remains around 97%, consistent with the level observed since second half of November. However, the week-to-date average utiliza