Asia-US container rates largely stable; liquid tanker rates steady to higher
Rates for shipping containers from east Asia and China to the US were largely stable this week while rates for liquid chemical tankers ex-US Gulf were steady to higher. Rates to the West Coast edged higher on the low end and are between $7,540-8,340/FEU (40-foot equivalent unit) while rates to the East Coast fell slightly ...
Asia-US container rates remained largely stable this week, while liquid tanker rates for chemical shipments from the US Gulf to Asia were steady to higher. Container rates to the West Coast increased slightly, between $7,540-8,340/FEU, while rates to the East Coast decreased slightly, between $9,300-11,500/FEU, remaining near the highest since mid-2022.
Drewry reported flat rates from Shanghai to Los Angeles and a 3% decrease from Shanghai to New York, attributing the easing congestion at Chinese ports to improved weather conditions and reduced demand. Freightos data showed essentially flat rates to the West Coast and a 6% decrease to the East Coast. SCFI rates fell by 1.46%, the first decrease after four weeks of increases, while NYFI rates rose by 1.3%.
Liquid chemical tanker rates on the USG to ARA trade lane were stable to higher, with tight space and increased contract volumes putting upward pressure on rates.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
