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Linerlytica calls the 1 November Asia-Europe increases effectively doomed as carriers discount, while Sea-Intelligence records unprecedented East-West capacity.
Sea-Intelligence finds Asia-Europe double sailings above 2021 peaks as about 60% of capacity returns to Suez and the Drewry composite hits a 15-week high.
Spot rates gained on both main headhauls in the week to 23 October, led by Asia-Europe, even as Sea-Intelligence recorded record deployed capacity.
Sixty-three percent of Far East to Europe capacity now uses Red Sea routings, but many loops still return via the Cape. That gap explains the rate rebound.
Carriers blanked eight sailings for next week against two this week and set FAK increases for 1 November, with spot rates up on all three east-west lanes.
Drewry's WCI rose 3% to US$4,485 per 40ft for the week to 15 October, but Asia-Europe lane indexes moved in opposite directions in the same week.
Asia-US East Coast spot rates are more than three times Asia-North Europe. The gap reflects blanked capacity and Red Sea routing more than a demand boom.
Drewry's World Container Index rose 3% to US$4,485 per 40ft in the week to 15 October as Asia-Europe rates ended 13 straight weeks of decline.
Drewry's World Container Index fell 2% to US$4,351 per 40ft in the week to 8 October, Asia-Europe's thirteenth weekly decline, as transpacific rates eased.
Drewry's World Container Index fell 1% to US$4,434 per 40ft in the week to 1 October, Asia-Europe's twelfth weekly decline, while Transpacific gains slowed.