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The past week has seen disruption in the Middle East Gulf area following the disruption to traffic transiting the Strait of Hormuz. Most liner services that transit the area tend to be smaller ships and this has no direct disruption to any of the FBX routes.

With attacks hitting Saudi Arabia this will again undermine confidence in a Red Sea return anytime soon. Bunker prices have rocketed in the past week, and we expect this to be passed onto shippers, so we expect prices per FEU to increase over all trades in the near future.

FBX01 (China/East Asia – USA West Coast) has gained $167 from last Friday, ending the week at $2,017. FBX03 (China/East Asia – USA East Coast) dipped and returned to a similar level, ending the week at $3,006 down $15 from last week. FBX11 (China/East Asia – North Europe) increased by $517 from last Friday, ending the week at $2,909. FBX13 (China/East Asia – Mediterranean) remained flat week on week at $3,717.