Container

Container rates appear to have peaked for now, with declining rates across the key FBX routes this past week. Shanghaim the world’s busiest container port, is seeing congestion levels not seen since Covid times due to multiple recent typhoons in the area.

Luckily containers continue to move on the first available vessels due to the liner alliances in place. The cross Pacific trade loop FBX01 (China/East Asia – US West Coast) lost $86 from last Friday ending the week at $7,569 and is up $1,437 since the start of July. Rates from the Far East to the USEC FBX03 (China/East Asia – US East Coast) lost $286 over the week ending at $9,505, this route is up $1,608 since the start of July.

Trade into the North Continent from the Far East FBX11 (China/East Asia – North Europe) dropped $192 week on week, ending the week at $4,451 and is down $359 since the start of July. Trade into the Mediterranean from the Far East FBX13 (China/East Asia – Mediterranean) lost $395 from last Friday, ending the week at $4,441 and is down $2,094 from the start of July.