With as many as 25 attacks in the Red Sea on container shipping lines, there are reports that carriers have reached out to Yemen-based Houthis for safe passage, Shipping Watch reported. COSCO stops Israel callsChinese carrier COSCO has decided not to call any Israeli port, according to Israeli business daily Globes. Platts assessed rates for import freight into West Coast North America from North Asia was up $200 to $3,000/FEU -- the highest level since September 20, 2022, the update added. On the spot market, the same carrier cited $7,900/FEU into the East Coast and $5,800/FEU into the West Coast for mid-month validity. Sources remained sceptical that the market will fully accept the elevated rates but most market participants expect further rate increases on the horizon."
