Transpacific freight rates have latched on to the Red Sea turmoil and the
expected shortage of capacity in January especially on the East Coast services
which have been affected by the Panama Canal restrictions as well as the Suez
diversions to the Cape route.
Rates to the West Coast have not gained as much in comparison, with capacity
still open on all corridors as existing WC capacity is not affected by the Suez
diversions, although carriers could still shift some capacity to Europe on
accoun