EC futures barely moved on thin volume today, despite a 12% jump in SCFIS
overnight. Hapag-Lloyd lowered its January shipment quotations from
$6,000-$8,000 per FEU to below $6,000 per FEU, while Maersk has yet to post any
quotes for January shipments. Although the industry average utilization for the
FE-NEUR route has rebounded to mid-November highs, THE Alliance sailings have
shown relatively weak utilization in recent weeks, reflecting the price
Hapag-Lloyd has paid for its leadership in raisi