Maersk’s statement over the weekend that it is planning to resume Red Sea transits sent both liner equities and forward CoFIF contracts into retreat on 25 December after a banner week for both markets last week. CoFIF futures for April surged by 55% last week while daily turnover averaged nearly $4.9bn and Open Interests reached $2bn. The latest SCFIS assessment on 25 December on the Asia-North Europe route surged by 21.7% following  its 5.4% rise the week before. The SCFIS, which is the underl