As we reach mid-September we have seen another week of uncertainty over eventual tariffs pass by, during this week we have seen rates further stabilising after the big falls from the peaks we saw at the start of summer, the effects of carriers blanking and reducing services appear to have worked. It was announced this week by CMACGM that they will not be adding a surcharge for US port calls as the new USTR port fees for Chinese linked tonnage come into effect in October, so will be interesting to see if other carriers follow suit or go against the grain and introduce additional surcharges.

FBX01 (China/East Asia – USA West Coast) ended the week at $2,296/FEU, down $17/FEU from last Friday. FBX03 (China/East Asia – USA East Coast) ended the week at $3,291/FEU up $52 from last Friday. FBX11 (China/East Asia – North Europe) ended the week at $2,608/FEU up $67 from last Friday. FBX13 (China/East Asia – Mediterranean) ended the week at $2,691/FEU down $227 from last Friday.