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Container freight rates climbed on major Asia-Europe and trans-Pacific routes last week despite signs of cooling demand, as congestion and canceled sailings supported prices. Carriers including OOCL and Zim are returning to the Suez Canal-Red Sea route, with about 63% of Asia-Europe deployed capacity now routed through the passage.
A potential strike at Los Angeles-Long Beach adds uncertainty.
Red Sea routing shifts cut effective capacity and lift ocean freight costs for grain and oilseed exporters and feed importers, while port strike risk on the US West Coast could further tighten shipping schedules.
cello-square.comNov 4, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
