Container

Container freight markets were a mixed picture over the past week, with the FBX Weighted Average decreasing from 3,577 at the start of the week to 3,513 by the end of the week.

The most notable movement was seen on the Asia to US East Coast trade, where rates dropped from $10,754 to $9,927/FEU over the week. This drop accounted for most of the decrease in the composite index. The main trade into the US West Coast from Asia FBX01 saw rates stable, dropping only slightly from $8,391 to $8,342.

Meanwhile, Asia to North Europe rates decreased over the week from $3,692 to $3,516, but rates are still strong on the main Europe-bound corridor. Asia to Mediterranean rates gained nicely up from $4,001 to $4,421. Rates from the Mediterranean to East coast South America saw a notable increase over the week from $1,205 to $1,578.