It’s been quite a week in the container market. We’ve seen rates double on some trade lanes as planned increases take effect, with liner companies adjusting services to meet currently high demand.

With the 90-day pause on U.S. import tariffs still in place until August, many shippers are expected to bring forward Q3 and Q4 shipments to beat the deadline. However, given this week’s sharp rate hikes, those who haven’t yet booked may now decide to wait it out.

We saw FBX01 (China/East Asia – USA West Coast) ending the week at $6,015/FEU more than double the $2,770/FEU of last Friday. FBX02 (USA West Coast – China/East Asia) rates remined fairly stable over the week finishing at $477/FEU. FBX03 (China/East Asia – USA East Coast) jumped $3,105 over the week ending at $7,090/FEU. FBX11 (China/East Asia – North Europe), finished the week at $2,826/FEU, up $177 on last week. FBX12 (North Europe – China / East Asia) increased to $488/FEU, up $93 week on week. FBX13 (China/East Asia – Mediterranean) gained $1,073 over the week ending at $4,475/FEU.