EC2502 briefly dipped below 2500 before recovering some losses. The main support
for this contract hinges on the anticipated freight rate increase to $6,000
planned for December 30. However, the success of this increase will depend on
vessel utilization, which has been trending downward since mid-November.
Overnight, CMA CGM reduced their quotations for shipments scheduled in the
second half of December by $400 to $600 per FEU.