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As we enter July, we see a continuation of the trend of rate increases across the key liner trades, this is sustained by retailers frontloading their inventories this year pre-Thanksgiving and Christmas earlier than usual, with tariffs expected again later in the year and the higher bunker prices currently also having an effect.

Rates across the Pacific represented by FBX01 (China/East Asia – US West Coast) were up by $898 from the end of last week and are up $2,234 since the start of June, ending the week at $7,078. Rates from the Far East to the USEC FBX03 (China/East Asia – US East Coast) increased by $1,281 to end the week at $9,150 up $2,817 since the start of June.

Rates into the North Continent represented by FBX11 (China/East Asia – North Europe) increased by $1,015 week on week, settling the week at $5,797 and up $1,850 from the start of the month. Rates into the Mediterranean FBX13 (China/East Asia – Mediterranean) increased by $915 from last Friday, ending the week at $7,370, up $1,810 from the beginning of the month.