Option for those wanting to hedge against volatility in container shipping
freight rate:
CoFIF (Container Freight Index Futures)'s Asia-Europe contracts are trading at
something (in $/40'dry) like $2400 for April, $2250 for June, $2147 for August
and $1900 for October (our estimates) while liners are offering $3500 for annual
contracts while spot rates at the moment is racing up t $5000 or above.
Frankly no one know for sure where the freight rates will be in April through
October. They could