Wild swing for the main EC contract, EC2504, this morning going from being 3.8% up in first 30m minutes at market open to down 3.8% before recovering by lunch break. Overnight, CMA CGM dropped its online quotation to below $3,000 per FEU for all March shipments.
Maersk released $2300 per FEU after lunch break that put the EC2504 decidedly in the negative territory for the day.