- Baltic FBX index up 9% week-on-week
- China–Mediterranean rates jump 20%
- Capacity discipline continues to support prices
Fronthaul container markets strengthened over the past week, with spot rates firming across all major east–west lanes. The Baltic Exchange FBX index rose 9% WoW, reflecting renewed stability after recent declines. China–US West Coast (FBX1) climbed 11%, moving from $1,935 to $2,146, while China–North Europe (FBX11) increased 12%, rising from $2,467 to $2,755.
Mediterranean Leads the Upside
The strongest gains were seen on the China–Mediterranean trade. FBX13 surged 20%, jumping from $3,357 to $4,013, supported by tighter space and continued blank sailings. In contrast, Intra-Asia lanes remained largely stable, reflecting seasonal demand patterns and balanced supply.
Capacity Discipline Offsets Weak Demand
Despite the rate recovery, broader market sentiment remains cautious. Global trade uncertainty, high interest rates, and soft consumer demand continue to cap upside potential. However, disciplined capacity management and selective blank sailings have limited downside pressure, helping rates stabilise at higher levels.
Outlook Remains Fragile but Supported
Looking ahead, near-term rate direction will depend heavily on carrier capacity discipline and demand signals from Asia. Geopolitical risks — particularly around Red Sea routing and Middle East tensions — remain key watchpoints. While underlying demand is fragile, limited appetite to add capacity suggests volatility rather than a sharp correction in the near term.
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Source – Baltic Exchange
