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The Suez Canal earned $724 million in October 2026, up 94% year over year, as transits increased to 1,490. Asia–North Europe spot rates fell 5% over the week to $3,400 per 40-foot container, with carriers appearing to abandon planned rate increases.
More vessels returning to the Suez route adds shipping capacity and reduces the need for longer diversions, putting downward pressure on Asia–Europe freight rates. Lower freight costs could ease landed costs for traded goods on the route.
forwardernews.comNov 11, 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.
