Maersk: Very strong freight rate increases this morning. Shanghai- Northern Europe +$371 /TEU to now $1214 and hence regains more than half of the $679 /TEU that market has retracted over the past 6 weeks due to cascading. On Shanghai-Mediteranian, the increase was $508 /TEU to now $1401 /TEU. This is well above hopes and whisper in the market of increases up to $250-300 pr TEU. Transpacific was more or less flat.