bigbassbonanzamegawaysfreeslot| [European Line] Galaxy Futures: Maintaining high spot prices catalyzes market sentiment and vigilance against the risk of far-month correction caused by short-term overheating of sentiment

Jia Ruilin, Senior Researcher of Galaxy Futures Shipping

The EC market continued to rise todaybigbassbonanzamegawaysfreeslotRecently, CMA and Maersk announced an increase in freight rates on the European route in Junebigbassbonanzamegawaysfreeslot, spot prices remain high to catalyze market sentiment. The far-month contract market is currently dominated by expectations and emotions, especially for off-season contracts such as EC2410. After gradually entering the off-season in the second half of the year, the supply and demand gap may narrow against the background of reduced cargo volume and increased supply of new ships, and the upward elasticity of freight rates will be weakened; According to supply-side data, a large number of new ships will still be launched in 2024. With the delivery of new ships, the current shortage of ships is expected to be alleviated. According to Clarkson statistics, it is expected that there will still be more than 2 million TEU of container ships around the world from April to December 2024. New ships will be delivered, of which the estimated delivery volume of 15000TEU+ ship type is close to 1 million TEU. Moreover, judging from the geopolitical situation, the far-moon contract is still affected by geopolitics and ceasefire negotiations. We should be vigilant about the risk of correction caused by overheated sentiment in the short term. The far-moon contract unilaterally recommends prudent operation.