- Shippers Take Cautious Approach as Tariff Impact Looms.
- Weaker Demand Leads to Service Cancellations on USA-China Routes.
- Freight Rates See Minor Changes in Key Global Routes.
The liner market has stayed relatively flat for the week so far as the sector holds its breath waiting to find out how the current tariff stalemate between China and the USA will eventually pan out. The shippers are following very closely, anxiously awaiting the easing between the superpowers, reports Baltic Exchange.
Shippers Take Conservatively
Some shippers are taking a wait-and-see stance, but other shippers who acted proactively might have pre-purchased Chinese goods before the imposition of tariffs. This enables them to wait for weeks or even months before they need to make new orders.
There is weaker demand for carriers, leading to cancellations or blanking of services, mainly on the high-priority USA-China routes.
Freight Rates and Market Movements
- FBX01 (China/East Asia – USA West Coast): Closed out the week at $2395/FEU, an increase of $68 from the prior week.
- FBX03 (China/East Asia – USA East Coast): Closed out the week at $3397/FEU, a slight gain of $2 from the prior week.
- FBX11 (China/East Asia – Continent): Decreased by $115 to $2244/FEU.
- FBX13 (China/East Asia – Mediterranean): Decreased by $129, closing the week at $2937/FEU.
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Source: Baltic Exchange
