Whilst the liner industry waits to see what will happen between the 2 superpowers China and the USA in relation to tariffs that the USA has place on China, the market has remained fairly flat this week, as we wait hoping for some de-escalation between the 2 countries.

Many shippers are sitting on their hands and waiting to see what will happen, savvy shippers will have stockpiled stock ex China pre tariffs being imposed, so will be able to wait it out for a number of weeks/months before they need to pull the trigger on more shipments.

Carriers are naturally seeing much weaker demand and are cancelling/blanking services on many services in the key USA – China rotations.

FBX01 (China/East Asia – USA West Coast) ended the week at $2395/FEU up $68 on end last week, FBX03 (China/East Asia – USA East Coast) ended the week at $3397/FEU up just $2 on end last week. FBX11 (China/East Asia – Continent) was down $115 on the previous week at $2244/FEU and a similar story for FBX13 (China/East Asia – Mediterranean) ended the week at $2937/FEU down $129 on previous Friday.