Longer-dated EC contracts fell this morning as EC traders interpreted the fall
of the Assad regime in Syria as a positive step toward peace in the Middle East.
Near-dated EC contracts, such as EC2412 and EC2502, outperformed after Maersk
issued an email after market on Friday (6 December) announcing a freight rate
increase aimed at raising rates to $6,000 per FEU starting December 30, 2024.
This $6,000/FEU target was originally set for December 1. Overall, trading
volume remains light.
However,