CoFIF freight futures staged its first rebound since the end of 2023, with price, daily trading volumes and Open Interests rising in tandem. Last week’s buying interests in EC2404 for contracts expiring on 29 April  were driven by both short covering and profit taking in response to the planned April rate hikes to Europe, with quoted rates already starting to tick up for the first time since January with various Asian carriers raising their spot rates from 3,000-3,100 per feu to $3,600 while the