According to the latest Week 49 update, market sentiment remains tied to the unsettled situation in the Red Sea. No carrier has yet confirmed a formal return to regular transits. However, any early-2026 resumption would quickly change the landscape for services from the Far East to Europe, the Mediterranean, and the US East Coast, as faster transit times and more frequent sailings would follow.
Spot Rates Show Mixed Movements Across Major Lanes
As December begins, several key Freightos Baltic indices recorded notable shifts.
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FBX01 (China/East Asia – US West Coast) gained $396 week on week. Even so, it is still sharply lower than the nearly $3,000 level seen at the start of November. The week closed at $2,079.
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FBX03 (China/East Asia – US East Coast) increased by $140 week on week. Yet it remains $568 below early-November levels, ending the week at $2,934.
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FBX11 (China/East Asia – North Europe) held almost steady. It rose only $63 to finish at $2,474, a minor change of $37 compared with the first week of November.
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FBX13 (China/East Asia – Mediterranean) showed the strongest upward movement, climbing $476 to $3,358 by week’s end.
These adjustments reflect a market that is still reacting to extended route diversions and ongoing geopolitical uncertainty.
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Source: Baltic Exchange
