Container Report - Week 22
A shorter week with national holidays in many countries saw limited changes in container rates, the strongest performer was Asia to the Med, seeing some shipping lines increasing their prices per feu by up to $1,000 to take effect in the coming weeks.
Donald Trump's tariffs were in the news again, partially blocked by the federal courts and then overturned the following day. Further turbulent weeks are more than likely to come. Some liner companies are increasing prices for all ex China routes, so it is likely to see some more increases in coming weeks across the board, while shippers and liner companies get on with business prior the end of the 90-day tariff pause.
We saw FBX01 (China/East Asia – USA West Coast) ending the week at $2,770/FEU. FBX02 (USA West Coast – China/East Asia) rates remined fairly stable over the week finishing at $417/FEU. FBX03 (China/East Asia – USA East Coast) increased $11 over the week ending at $3,985/FEU. FBX11 (China/East Asia – North Europe), finished the week at $2,649/FEU. FBX12 (North Europe – China / East Asia) increased to $395/FEU. FBX13 (China/East Asia – Mediterranean) gained the most ending the week at $3,402/FEU.