Mixed freight signals: SCFI up, CCFI composite down; FBX eases; Red Sea watch with one-day Suez dip and elevated Bab el‑Mandeb; Taiwan Strait traffic high

Rates are mixed. SCFI rose 2.19% week-on-week while the CCFI composite slipped 0.94%. Asia–Europe indicators softened (CCFI Europe/Mediterranean down; FBX China→Europe lanes lower), but CCFI Persian Gulf/Red Sea and South Africa strengthened. FBX Global edged down 1.01%; Transpacific was broadly stable to slightly softer westbound, and Transatlantic eastbound firmed 4.4%. IMF PortWatch shows a single-day Suez shortfall alongside elevated Bab el‑Mandeb and high Taiwan Strait flows; Panama is stable, and no concurrent Cape of Good Hope surge suggests timing effects rather than new diversions. Carrier PSS measures remain in effect on major lanes. Commercial takeaway: maintain vigilance on Red Sea timing risk and potential North Asia feeder tightness; leverage softness on backhaul lanes.