A mostly uneventful week for liner market, however a letter signed by the Houthi rebel group has appeared online, outlining that they are suspending their attacks on commercial shipping in the Red Sea, so if this remains to be the case into next year, we could expect to see more carriers starting to transit via the Suez rather than the Cape of Good Hope, cutting transit times and costs per TEU in theory.

FBX01 (China/East Asia – USA West Coast) decreased by $242 this week but is still $1,192 higher than the start of October. FBX03 (China/East Asia – USA East Coast) gained $319 week on week, ending the week at $3,851. FBX11 (China/East Asia – North Europe) increased $31 week on week, ending the week at $2,457, $620 higher than the start of October. FBX13 (China/East Asia – Mediterranean) has remined flat week on week, ending $7 less than last Friday, but $689 higher than the start of October.
Source: Baltic Exchange