Container

The past week saw container rates largely slow down from their recent rapid increase of rates. In the cross Pacific trade rotation, we witnessed FBX01 (China/East Asia – US West Coast) increase by $72 week-on-week ending the week at $3,225, this route is $409 above the start of the month and up even more since April.

The FBX03 (China/East Asia – US East Coast) is up by just $47 to $5,082 this week, up $742 from the start of May. Meanwhile rates into Europe tracked by, FBX11 (China/East Asia – North Europe) increased by just $54 since last week, settling at $2,968, but up $367 since the start of the month. Into the Mediterranean we saw rates actually drop FBX13 (China/East Asia – Mediterranean) decreased by $140 from last Friday, settling the week at $4,364, but still up $784 since the start of the month.