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US Transpacific Rates Steady; European Freight Costs Decline Further
来源： 编辑：编辑部 发布：2026/10/10 09:12:33
As China's National Day holiday commenced, spot freight rates across most container shipping lanes declined as expected, although transpacific rates rose slightly before the break. This comes amid easing port congestion and discussions around Red Sea resumption, adding complexity to market dynamics.
Peter Sand, Xeneta's Chief Analyst, highlighted that transpacific spot rates peaked following the Strait of Hormuz crisis. On October 1, rates from the Far East to the US increased again. Sand noted, "We believe the market has reached its peak post-Hormuz crisis, driven by reduced congestion at Asian ports and declining export volumes during China's holiday."
In contrast, Asia-to-Northern Europe and Mediterranean lanes saw peak rates earlier, with steady declines since July, continuing into October. Sand remarked, "Demand remains weak. Rates have peaked but are unlikely to collapse."
The container chartering market has entered a consolidation phase. Analysts at VHBS noted sustained demand, limited tonnage, and steady charter rates. Transaction volumes have moderated after weeks of heightened activity, with the New Contex Index holding at 1,651 points. Meanwhile, newbuilding orders continue dominating market discussions.
Ahead of China's holiday, export container shipping markets remained subdued. Transport demand was stable, though most rates declined, with the Shanghai Containerized Freight Index (SCFI) falling 0.7% to 3,662.30 points by September 30.
On European lanes, transport demand held steady, but rates softened. Shanghai-North Europe rates fell 4.9% to USD 2,199 per TEU, while Shanghai-Mediterranean rates dropped 2.3% to USD 2,996 per TEU.
North American lanes performed better, with demand holding at elevated levels. Rates rose slightly ahead of the holiday. The Shanghai-US West Coast rate increased 1.5% to USD 7,578 per FEU, while the Shanghai-US East Coast rate rose 0.3% to USD 10,528 per FEU.
Elsewhere, Persian Gulf lanes saw modest declines amid ongoing Middle East tensions. The Shanghai-Persian Gulf rate fell 1.5% to USD 6,489 per TEU.
As of October 1, the Drewry World Container Index stood at USD 4,434 per FEU, down 1%. Despite varied trends across individual routes, east-west lanes remain under pressure due to factory closures, increased Suez Canal capacity, and geopolitical uncertainties. Near-term market volatility is expected to persist.
Peter Sand, Xeneta's Chief Analyst, highlighted that transpacific spot rates peaked following the Strait of Hormuz crisis. On October 1, rates from the Far East to the US increased again. Sand noted, "We believe the market has reached its peak post-Hormuz crisis, driven by reduced congestion at Asian ports and declining export volumes during China's holiday."
In contrast, Asia-to-Northern Europe and Mediterranean lanes saw peak rates earlier, with steady declines since July, continuing into October. Sand remarked, "Demand remains weak. Rates have peaked but are unlikely to collapse."
The container chartering market has entered a consolidation phase. Analysts at VHBS noted sustained demand, limited tonnage, and steady charter rates. Transaction volumes have moderated after weeks of heightened activity, with the New Contex Index holding at 1,651 points. Meanwhile, newbuilding orders continue dominating market discussions.
Ahead of China's holiday, export container shipping markets remained subdued. Transport demand was stable, though most rates declined, with the Shanghai Containerized Freight Index (SCFI) falling 0.7% to 3,662.30 points by September 30.
On European lanes, transport demand held steady, but rates softened. Shanghai-North Europe rates fell 4.9% to USD 2,199 per TEU, while Shanghai-Mediterranean rates dropped 2.3% to USD 2,996 per TEU.
North American lanes performed better, with demand holding at elevated levels. Rates rose slightly ahead of the holiday. The Shanghai-US West Coast rate increased 1.5% to USD 7,578 per FEU, while the Shanghai-US East Coast rate rose 0.3% to USD 10,528 per FEU.
Elsewhere, Persian Gulf lanes saw modest declines amid ongoing Middle East tensions. The Shanghai-Persian Gulf rate fell 1.5% to USD 6,489 per TEU.
As of October 1, the Drewry World Container Index stood at USD 4,434 per FEU, down 1%. Despite varied trends across individual routes, east-west lanes remain under pressure due to factory closures, increased Suez Canal capacity, and geopolitical uncertainties. Near-term market volatility is expected to persist.