The global container freight rates continued to show signs of softening across most major trade lanes, according to the Baltic Exchange’s latest data for Week 27.
End of the pause in Tariffs
Next Tuesday sees the end of the pause in Tariffs on imports to the United States as the world waits to see what will happen. The 90-day pause has certainly seen some lively freight rates as shippers have taken advantage to move their goods tariff free into the US and the liner companies have taken the chance to temporarily charge more for these shipments.
- FBX01 (WC) and FBX03 (EC) saw a continued decline in freight rates over the past four weeks, down by $3,444 and $2,089, respectively.
- FBX01 (China/East Asia – USA West Coast) ended the week at $2,571/FEU, down $700/FEU from last Friday.
- FBX03 (China/East Asia – USA East Coast) is today at $5,001/FEU off by $974 in a week.
- FBX rates to the Continent firmed over the week and rates to the Mediterranean softened a tad, with these routes remain far more resilient to price volatility currently.
- FBX11 (China/East Asia – North Europe) finished the week at $3,442/FEU, up $471 on last week.
- FBX13 (China/East Asia to Mediterranean) rates ended at $3,860/FEU, down $311 on last Friday.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Baltic Exchange
