As December approaches, the market traditionally experiences a slowdown in container throughput, as shippers have already stocked up for the Christmas period and will focus on replenishing inventories in the first quarter, reports Baltic Exchange.
Many carriers are considering a return to transiting the Red Sea next year; however, industry observers note that the sector is waiting to see which operator will take the lead. This follows the Houthis’ announcement that they have suspended attacks on commercial shipping. General Rate Increases were also announced this week: effective 1 December, MSC’s FAK rate from Asia to North Europe will be set at $3,200 per FEU, while CMA CGM reported that its Asia to Mediterranean FAK rate will be $4,000 per FEU starting on the same date.
FBX01 (China/East Asia – USA West Coast) decreased by $914 this week ending at $1,800. FBX03 (China/East Asia – USA East Coast) lost $817 week on week, ending the week at $3,034. FBX11 (China/East Asia – North Europe) remained flat all week at $2,457. FBX13 (China/East Asia – Mediterranean) has gained $101 week on week, ending at $2,934.
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Source: Baltic Exchange
