Geopolitical whiplash fuels Shanghai container futures’ contrarian rally
- Shanghai container freight futures rebounded more than 30% over the past three trading days amid geopolitical uncertainties
- Gaps between futures dates and spot rates show investors rethinking end of Africa rerouting
- Driver said to be Gaza talks uncertainty and Hapag-Lloyd’s latest rate hike, though effectiveness unsure
The ‘new level of uncertainty’ ushered in by Trump’s presidency has begun brewing volatility in the shipping market
