As we approach the end of the second week of the temporary rollback of tariffs between China and the USA, there has been seen a big pickup of bookings on the transpacific trade lane (FBX01), with some sources quoting a 300pct increase week on week as shippers act quickly to get goods into the USA from China whilst the pause in the huge tariffs holds. Liner companies will have no doubt welcomed these shipments as many had paused services recently with the uncertainty of the tariffs looming over head.

We saw FBX01 (China/East Asia – USA West Coast) ending the week at $2,7165/FEU $307 slightly higher than start of the week. FBX02 (USA West Coast – China/East Asia) rates remined fairly unchanged over the week finishing at $430/FEU. FBX03 (China/East Asia – USA East Coast) rose $190 over the week ending at $3,974/FEU. FBX11 (China/East Asia – North Europe) rates gained $71/FEU, finishing the week at $2,649/FEU. FBX12 (North Europe – China / East Asia) eased to $381/FEU. FBX13 (China/East Asia – Mediterranean) remained steady ending the week at $2,989/FEU.