Trading of China’s Asia-North Europe container shipping futures saw double-digit gains for early 2025 freight levels, indicating that shippers believe the Houthis will continue to terrorise shipping in the Red Sea into next year.
Yesterday, from a week ago, the EC2502 (February 2025) and EC2504 (April 2025) contracts gained 17%, to $3,711 per teu, and 27%, to $3,097/teu, respectively.
Around 8,000 to 15,000 contracts are bought and sold daily.
The new EC2506 (June …
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