- Red Sea Uncertainty Keeps Carriers from Resuming Regular Transit Routes.
- Asia–US and Europe Freight Rates Rise Modestly in Early December.
- Potential Red Sea Reopening Could Reshape Far East Trade Lanes.
Uncertainty in the Red Sea is still a big concern, and no shipping company has officially announced plans to resume regular transit through the area. If things get back to normal early next year, it could really change the trade game between the Far East and Europe, as well as the US East Coast, by cutting down transit times and allowing for more frequent services, reports Baltic Exchange.
Asia–US West Coast Rates on the Rise
FBX01 (China/East Asia–US West Coast) saw an increase of $396 compared to last week. Even with this bump, the rate is still significantly lower than what we saw in early November, dropping from nearly $3,000 to $2,079 by the end of the week.
US East Coast Rates Still Below November Levels
FBX03 (China/East Asia–US East Coast) went up by $140 week over week. However, it’s still $568 less than what it was at the beginning of November, wrapping up the week at $2,934.
Northern Europe Rates Holding Steady
FBX11 (China/East Asia–North Europe) remained mostly unchanged, gaining just $63 throughout the week. The rate finished at $2,474, which is only $37 lower than where it started in November.
Mediterranean Lane Sees Notable Gains
FBX13 (China/East Asia–Mediterranean) experienced a more significant rise, climbing $476 over the week to close at $3,358.
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Source: Baltic Exchange
