Container

A mixed week in the container liner market, with some trades remaining relatively flat and some greater rate loss on others. With the United States announcing new tariffs on imports on 23 July, we will have to see if there is any knock-on effect to rates in the coming weeks.

The cross Pacific loop FBX01 (China/East Asia – US West Coast) lost $889 from last Friday and is down $810 since the start of July, ending the week at $6,179. Rates from the Far East to the USEC FBX03 (China/East Asia – US East Coast) dropped by $100 over the week ending at $9,002 and down $113 since the start of the month.

Trade into the North Continent represented by FBX11 (China/East Asia – North Europe) decreased by just $50 week on week, settling the week at $5,548 and down $173 from the start of July. Rates into the Mediterranean FBX13 (China/East Asia – Mediterranean) lost just $21 from last Friday, ending the week at $6,689 and down $851 from start of the month.