Freight futures in Shanghai declined across the board as buyers, having seized upon recent strength in the physical market, moved to unwind their positions. Open interest dropped to 73,658, the lowest since October 2024.
Maersk swiftly raised its quote for shipments departing in the fourth week of July to $3,090 per FEU, up from $2,990 at its launch just a day earlier. Meanwhile, OOCL and ONE are cutting rates for near-term cargoes, leaving CMA CGM’s $4,745 per FEU quote for August shipments lo