EC opened lower but then recovered throughout the day, supported by decent
volume and increasing open interest. The main contract, EC2412, ended the day
higher, while longer-dated contracts declined, following yesterday's trend.
The main delta today in liner's online quotations were ONE's lifting its online
quotations, and COSCO published its November rates at $4,800 per 40-foot
container.
Average utilization for alliance vessels departing from the Far East continues
to increase. The MUNICH MA