Asia-North Europe CoFIF freight futures retreated sharply on 29 April on fears
that ceasefire talks taking place in Egypt this week could drag down freight
rates before the end of the year. Contracts for October 2024 (EC2410) were most
badly hit, dropping to 2,169 after reaching a peak of 2,765 last week. The
latest EC2410 futures remain on par with the current SCFIS at 2,175 points, with
EC2406 and EC2408 contracts still trading at a significant premium to the
current SCFIS spot rate index at 2