The EC contracts continue to decline due to aggressive pricing from the largest shipping lines and concerns about a potential resumption of Red Sea passage under the Trump administration. On the liners' pricing, Maersk has offered the lowest quotation at $3,400 per FEU for shipments departing on January 20 and January 22. Tianjin - North Europe freight index, being published daily by Tianjin Shipping Exchange, dropped 5.65% overnight today.