Asia-Europe and transpacific rates rise as capacity sets records
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.
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Asia-Europe rates are riding a half-finished Suez return
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.
Rate rebound lifts composites, but Asia-Europe indexes split
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.
The transpacific premium is mostly a capacity decision
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.
freight-ratesred-seasuez-canalcapacityblank-sailingsxenetacoscoregulationstrait-of-hormuzschedule-reliability
ContainerSignal Daily: Red Sea capacity doubles in six weeks
Xeneta puts weekly capacity across Bab el-Mandeb at 448,273 TEU, double the level six weeks ago, while carriers blank transpacific sailings to defend rates.
Asia-Europe spot rates extend their fall as Transpacific gains stall
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.
ContainerSignal Daily: Far East-US spot rates reach post-Hormuz peak
Xeneta says Far East to US spot rates have peaked after the Hormuz crisis, as Drewry's index slips again and the Panama Canal adds a transit slot.