Maersk’s spot rate of $3,400 per FEU for shipments departing on July 3rd, published in the afternoon of June 17th, elicited only a muted response in the next day ( June 18th): the EC2508 contract rose by a modest 3%, amid considerable liquidation that pushed open interest below 90,000.
This morning (June 19th), MSC went further by slashing its rate for June 30th departures to just $2,640 per FEU—even as it maintained a July FAK rate of $4,092 per FEU. The sharp cut for near-term shipments sent