Viewers can find below a snippet of XENETA’s recent container shipping market update.
The link to it, a quote on the recent events on the transpacific (Far East and China to US West Coast) as well as a chart showing the spot rates on major fronthaul trade lanes.
“Average spot rates into the US West Coast have fallen 51% in just over a month. Carriers will be desperate to arrest this decline so the flooding of capacity we have seen on this trade since the temporary lowering of tariffs will stop.
That means average spot rates into the US East Coast will decline at a faster rate and likely fall to within USD 1000 of rates into the US West Coast by the end of July – a much more familiar scenario for shippers.”
https://www.xeneta.com/news/xeneta-weekly-ocean-container-shipping-market-update-08.07.25
