Reports of renewed discussions for a ceasefire between Israel and Hamas have startled shippers and operators, causing container futures indices to drop.
Yesterday, container freight index futures for the China-North Europe lane, traded on the Shanghai International Energy Exchange, closed lower, with all contracts ending lower from 1 July.
The largest week-on-week drop was observed for the EC2412 (December 2024 contract), which closed at 3,725 points, down 12% from 1 July, while …
The post Concern over rates peak and Hamas ceasefire ‘spooks’ container futures appeared first on The Loadstar.
