Container

We have witnessed another week of liner operators attempting to “make hay whilst the sun still shines” with rate increases across the board on all the major container trade routes.

The cross pacific trade route FBX01 (China/East Asia – US West Coast) increased by $1,255 since the end of last week and is up $2,866 since the start of the month. Rates from the East to the USEC represented by FBX03 (China/East Asia – US East Coast) continued their climb to $8,077 per FEU, the longest voyage commanding the highest rate currently, up by $1,413 week on week and $2,995 up on the start of the month. Rates into the North Continent FBX11 (China/East Asia – North Europe) increased by $651 week on week, settling the week at $4,840 and up $1,872 from the end of May’s level.

Rates into the Mediterranean FBX13 (China/East Asia – Mediterranean) increased by $1,033 since last Friday, ending the week at $6,465, up $1,033 from the end of last week.