Asia-USWC container rates fall, rates to USEC steady to higher amid Middle East tensions
Rates for shipping containers from east Asia and China to the US West Coast fell this week and rates to the US East Coast were steady to higher, while rates for liquid chemical tankers ex-US Gulf were steady on most trade lanes with a slight uptick on the USG-Asia route. CONTAINER RATES Rates from Asia ...
This week, rates for shipping containers from East Asia and China to the US West Coast fell, while rates to the US East Coast were steady or higher. Liquid chemical tanker rates from the US Gulf to Asia were steady on most routes, with a slight increase on the USG-Asia route. Peter Sand, an analyst at Xeneta, noted that while carriers are ready to deploy more capacity, shippers have not yet increased their requests, particularly in the Asia-Pacific to US East Coast trade.
Drewry, a supply chain advisor, reported a slight dip in container rates from the West Coast and a flat trend to the East Coast. The Shanghai Containerized Freight Index (SCFI) showed a 4.67% increase, while the NYFI rates fell by 1.7%. Tanker rates for chemical shipments from the US Gulf to major trade routes were steady or lowering due to reduced demand and lower contract volumes.
Lower freight rates for clean petroleum products in the Asia trade lane may make it more attractive for industry players. Fuel prices remained volatile, resulting in higher bunker costs.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
