EC freight futures traded sharply higher on 30 September with all contracts from
December 2024 to August 2025 hitting their 20% maximum daily limit, bringing
their weekly gains to 41% to 55%. The US East Coast ports strike is driving the
bullish short-term sentiment despite continued weakness on the Asia-Europe
freight market as the SCFIS fell by 3.7% on 30 September while the SCFI dropped
by 13% last week as carriers continued to slash rates ahead of the October
Golden Week holidays.
Average E