Containing shipping rates continue to decrease with twice the demand after a period of front loading by the two trucks before the potential tariff, according to a report. The average rate of the Far East to the West Coast has decreased to a little more than $ 2000 per fever (FEU) for the week ending August 13, the lowest level since late 2023, according to XENETA.
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The prices of the East Coast to the East fell to $ 3,174 per FEU, a decrease from $ 3,311 in the previous week, while the prices of the northern coast to the East Coast decreased to $ 1941 per FEU from $ 2,015. The data from the Indexbox platform shows that the Far East rates to the East Coast have decreased by 12.8 % since late July, as South America has witnessed a 18.3 % more severe decrease.
XENETA noted that the carrier capacity management and the uncertainty in the customs tariff helped to slow down the total rate to 6 % in July, after a severe decrease of 53 % in June. The Trump administration recently extended the high definitions of Chinese imports for another 90 days, urging the trucks to accelerate the shipments. Peter Sand, chief analyst at XENETA, said: “The two trucks have already have the goods that have been loaded in the front during the first tariff window, so the price of the category is expected to decrease more,” said Peter Sand, Chief Analyst at XENETA.
The prices of tracks decreased in the far east to northern Europe to $ 3,247 per FEU, while the maximum East to the Mediterranean decreased to $ 3337. It is expected that the increase in the capacity of the bowl in these commercial passages and other rates in the coming weeks will be paid unless the demand rises.
Source: Indexbox Market Intelligence
