Freight futures for Shanghai-North Europe route continue their rebound today
with main contract which is EC2412 up 7% for the day at 10:50, following the
broader capital market in China.
Average online quotations for Shanghai to North Europe base ports dropped 1% to
8% overnight, with shipments departing in middle of October see the biggest
freight rates cut. CMA CGM released first update since 18 Sep that it slashed
its quotations by 14%. Maersk took the lead from HMM by offering the lower
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