South America West Coast
Rates increased on December 1st, with little decline last week. COSCO, MSC, and CMA have mostly held steady. YML, WHL, PIL, and OOCL had no cargo in the first week but started actively seeking cargo from the second week onward. The market is expected to decline next week, though not sharply, with a potentially steeper drop the following week. COSCO has suspended 7 ships due to a lack of suitable vessel types for the route. In the second week, MSK's rate bets increased slightly by around USD 200 compared to the first week. Other shipping lines are set to release their rates this afternoon, and CMA is also expected to lower rates slightly to attract cargo first. There is still a backlog of cargo for Mexico and Busan.
Caribbean
The Caribbean market is experiencing a shortage of cargo. After an initial increase of USD 600/800 in the first week, rates dropped by half and are expected to face further price pressure this week. CMA's rates are slightly higher and need to be adjusted downward. The Caribbean route itself is not experiencing severe congestion but was forcibly driven up by the South America West Coast market. All shipping lines are actively soliciting cargo.
South America East Coast
In the first week, rates initially aimed to increase by USD 1,000 but actually rose by only around USD 500. A gradual decline is expected to continue. Direct services by CMA, COSCO, and OOCL will be suspended starting on the 16th. The next available vessel will be on the 23rd (CMA). MSK's online rates are relatively low and can serve as a reference.
