Carriers may secure only part of their November rate increases as Suez returns, Sogese report says

AI Summary

Freight rates to Europe have rebounded since early October, supported by positive cargo demand, including a 12.2% rise in Far East–Europe volumes during the first seven months of the year. Carriers may capture only part of their planned November increases as the return of Suez transits adds capacity and changes routing conditions.

Freight rates to Europe have rebounded since early October after falling steadily from their July peak, but the conditions behind the rebound are mixed. Cargo demand is positive, with Far East to Europe volumes up 12.2% in the first seven months of the year, according to Xeneta. Ships, however, are arriving late, and the return ...