As we approach December, we traditionally see a slowdown in container throughput as shippers have stocked up for Christmas and will only look at replenishing their inventories in Q1. Many carriers are contemplating a return to transiting the Red Sea next year, but we will have to see who makes the move first. This follows the Houthis announcement that they have suspended their attacks on commercial shipping. GRI’s were announced this week that from 1 December MSC FAK rate Asia to North Europe will be $3,200/FEU and CMACGM announced from 1 December their Asia to Med FAK rate will be $4,000/FEU.

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.