Container freight futures for February 2025 contracts came under heavy selling
pressure as it hit the maximum daily limit down of 16% on 25 November on high
trading volumes due to rising fears of a Middle East ceasefire as container
rates are expected to falter further by February due to the post-Lunar New Year
slack. The current EC2502 price of 2,722 still suggests freight rates around
$4,000 per FEU.
The December 2024 contracts continue to be supported by carriers’ planned
December rate hikes