The onshore container freight futures rebounded this morning as shipping lines
attempted to raise freight rates by $500 per FEU starting November 1. CMA CGM,
Hapag-Lloyd and ONE have increased their online quotations for November
shipments. Other shipping lines have not yet posted their freight rates for
November, while Maersk has reduced its October FAK freight rates from $2,900 per
FEU to $2,600 per FEU.
We maintain our view that Asia-North Europe freight rates could test the
$2,000/FEU leve