After a stronger start to January, we have seen some rates starting to weaken. With all eyes on Davos this week, we wait to see if these talks will have any knock-on effects on global trade.

Maersk has announced that it will resume Red Sea sailings for its Middle East – USEC service to test the water, pre a fuller resumption of transits later.

FBX01 (China/East Asia – USA West Coast) remained fairly flat over the week, closing at $2,676. FBX03 (China/East Asia – USA East Coast) also remained flat all week, closing at $3,928.

FBX11 (China/East Asia – North Europe) came off $96 over the week, ending the week at $2,802. FBX13 (China/East Asia – Mediterranean) lost $150 over the week, ending at $4,389.