Container

Container freight markets were largely stable during the week, with the Freightos Baltic Global Container Index (FBX) ending at 3,341, unchanged from the start of the week.

The main eastbound trades showed little movement. FBX01 (China/East Asia-US West Coast) remained at $8,319/FEU throughout the week, while FBX03 (China/East Asia-US East Coast) held steady at $9,606/FEU. This suggests continued support from transpacific demand, despite a lack of fresh upward momentum.

Europe-bound routes softened slightly. FBX11 (China/East Asia-North Europe) remained unchanged at $3,260/FEU, while FBX13 (China/East Asia-Mediterranean) declined from $3,562 to $3,555/FEU. Backhaul movements were weaker, with FBX12 (North Europe-China/East Asia) falling from $448 to $444/FEU over the week.

Elsewhere, transatlantic routes recorded the most notable movements. FBX21 (US East Coast-Europe) fell from $1,003 to $963/FEU, while FBX22 (Europe-US East Coast) increased from $2,666 to $2,723/FEU, widening the imbalance between fronthaul and backhaul pricing. South American routes were broadly stable, with FBX24 (Europe-East Coast South America) easing marginally to $1,196/FEU and FBX26 (Europe-West Coast South America) rising to $2,380/FEU.