MSC announced its Golden Week blank sailings program at the start of last week, triggering a brief double-digit jump in EC futures prices and lifting daily trading volumes above 100,000 contracts for the first time since mid-July. However, open interest hovered at only 80,000 contracts with traders reluctant to hold large overnight positions.
The much-anticipated Gemini announcement of its own blank sailing plan on 4 September disappointed with just a single sailing removed in October. Average