EC2412 is up 3.5% at intermission in the morning session, reaching 3262 and
edging closer to yesterday's high of 3320, which also marks the peak of the
recent rebound since mid-September. TS Lines, primarily involved in intra-Asia
trade, is set to be listed on the Hong Kong Stock Exchange on November 1.
Three additional ships departed between October 24 and 23, maintaining
utilization above the trend line. Though, jury is out on whether the pick up in
utilization is due to the shippers advancin