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It has been a week of mixed fortunes across the main FBX routes, as we have seen recent highs improve and some rates slipping on other trades. Bunker prices remain high, with no end in sight for the Straits of Hormuz situation, keeping rates firm as liner companies’ price in the higher fuel costs into their customers rates.

The Pacific loop trade lane FBX01 (China/East Asia – US West Coast) increased by $147 from last Friday ending the week at $7,569 and is up $1,475 since the start of the month.

Rates from the Far East to the USEC FBX03 (China/East Asia – US East Coast) were up by $359 week on week ending at $9,791, this route is up $649 since the start of August. Trade into the North Continent from the Far East FBX11 (China/East Asia – North Europe) lost $441 week on week, ending the week at $4,699 and is down $820 since the start of the month. Trade into the Mediterranean from the Far East FBX13 (China/East Asia – Mediterranean) lost $800 week on week, ending the week at $4,975 and is down $1,541 so far this month.