On the route to Europe, tonnage supply decreased due to service suspensions by some carriers. Spot rates for exports from Shanghai grew 2.4% to $594 per TEU. On the trade to the Mediterranean, meanwhile, many operators endeavored to maintain their fright rate standards, while freight rates themselves declined mildly, going down 0.7% to $710 per TEU.
On the North America trade, alliances reduced hauling capacities, but maintained their rates standards. Freight rates to the west coast fell 0.5% to $1,361 per FEU, while those to the east coast went down 1.6% to $2,411 per FEU.
On the route to the Middle East Gulf, shipping lines hiked freight rates in early October, bringing about briskness to the market. As a result, freight rates surged 22.4% to $786 per TEU. Freight rates were lifted by some carriers on the trade to Australia and New Zealand, too, going up 3.8% to $1,164 per TEU.
On the South America route, container movement was stable, while some operator increased rates earlier in the month. They rose 9.3% to $1,965 per TEU.
Freight movement was steady on the route to Japan as well, but freight rates to Kansai sank 4.7% to $223 per TEU, and to Kanto, 0.4% to $235 per TEU.