Market sentiment has turned positive for the first time since August, with
momentum building for the November freight rate hikes as further capacity cuts
are forthcoming after THE Alliance decided belatedly to suspend the EC4 service
to the US East Coast via the Suez in November. This follows earlier cuts made by
various carriers on the USWC and Europe routes that have helped to elevate
carriers rate restoration efforts. The SCFI recorded its 2nd successive weekly
increase, led by gains on the M