According to a leading ocean freight rate benchmarking platform, carriers on the Asia-Europe trade lane are enticing shippers with discounted long-term contract rates. This move comes as spot rates on the eastbound route rapidly approach long-term price levels. Carriers are trying to secure cargo commitments from shippers before the resumption of shipping via the Red Sea, which is expected to result in a capacity surplus. By locking in shippers now, carriers hope to maintain a steady flow of cargo and mitigate the potential impact of the increased capacity on their bottom line.