EC market range bounce this morning after two consecutive days of sell-offs.
Liners are still cutting their target freight rates increase over the past two
days that now they are aiming to lift the freight rates to high $5,000 per FEU
instead of $6,000 per FEU as previously planned for Far East - North Europe
shipments embarking after 1 December. The spot freight rate for shipments
embarking this week is about $4,000 per FEU, far from the $5,500 per FEU that
the liners planned to achieve. Latest