The freight futures contracts dropped this morning on profit taking with longer dated contract being weaker. Trading remain active as 105,043 contracts traded before the intermission for the morning session. Open interests remain at over 120,000 contracts.
Liner's FAK quotations for Shanghai-WCNA mostly remain unchanged except for Maersk that again adjusted its quotations for May shipment upward, this time by $250/FEU to $3600 for 26 May departure. Last week's SCFI for USWC was $2347 per FEU. F