EC freight futures traded to new highs across all contracts through April 2025, with the main August 2024 contract rising by 12% WoW to 5,399 points. The latest SCFIS as at 24 June increased by 1.6% to 4,766 with current futures prices implying a 13% upside for spot freight rates from Shanghai to North Europe between now until to the end of August. The bullish outlook looks set to persist in the coming week as rates remain firm with a further round of FAK rate increases due to be applied on 1 Ju