# Red Sea Return, Congestion Lift Ocean Rates

> 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.

- Date: 2026-11-04 · published 2026-11-04T03:12:28.812Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/79070-red-sea-return-congestion-lift-ocean-rates
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- cello-square.com: https://www.cello-square.com/en/marketupdates/view-2296.do

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.