Maersk and CMA CGM have in recent weeks sent a few of their smaller ships through the Suez as a trial and we expect to see more carriers following as Red Sea transits look to become more common place again next year.

As we close the second week of December, it has been a fairly quiet week on all of the FBX trade routes, all shippers have moved any seasonal inventories weeks and months earlier. FBX01 (China/East Asia – USA West Coast) decreased by $144 over the week, ending at $1,935. FBX03 (China/East Asia – USA East Coast) increased by $173 in the week, continuing its steady increase of the previous week, closing at $3,107.

FBX11 (China/East Asia – North Europe) we saw little change on this route keeping steady, ending the week at $2,467. FBX13 (China/East Asia – Mediterranean) also remained flat at $3,357, $1 less than this time last week.