Shipping & Freight #container shipping#red sea
MSC Returns to Red Sea as Trans-Pacific Spot Rates Hold Elevated
Mediterranean Shipping Co. has joined other container lines returning to the southern Red Sea despite renewed Houthi attacks, according to FreightWaves. Trans-Pacific spot rates remain elevated, with Asia-U.S. West Coast prices up 1% to $6,826 per FEU and East Coast prices up 2% to $9,576 per FEU. Carrier capacity cuts and China port congestion are supporting rates, while U.S.-Iran and U.S.-China tensions keep the market on edge.
Aug 25, 2026 1 source