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Freight Rates’ Eight Week Rally Comes to an End! Trans Pacific Routes Fluctuate at High Levels, Europe Bound Rates Keep Falling, while Southeast Asia Rates Continue to Rise
Release time：
2026-09-30
Browsing：223次
The Shanghai Containerized Freight Index (SCFI) has halted its eight week winning streak, closing at 3,686.62 points, down 0.03% week on week. This represents a high level technical correction rather than a trend reversal.
Rates for US bound routes edged down yet remain elevated: the US West Coast stands at USD 7,463 per FEU ( 1.28% week on week), and the US East Coast at USD 10,497 per FEU ( 0.77% week on week). Actual freight quotes from freight forwarders range from USD 7,800 to 10,500, generally above the index reading. This indicates the spot market is still trading above the index, with short term market strength intact. Support stems from pre holiday shipment rush, capacity cuts via reduced sailings and port congestion.
Europe-Bound Rates Keep Falling: rates for Northern Europe fell to USD 2,313 per TEU ( 4.61% week on week), and Mediterranean rates dropped by 1.92%. Weak demand coincides with the delivery of new vessel capacity. Some backhaul vessels have resumed Suez Canal transits, phasing out the capacity crunch caused by Red Sea diversions.
October market outlook hinges on the tussle between seasonal slowdown and pre peak shipment surge. Should tariff uncertainties trigger advanced shipments for November December, US bound freight rates will retain underlying support. Enterprises are advised to secure freight rates and book space in the first half of October, and mitigate price risks through a mix of long term contracts and spot market shipments.
Rates for US bound routes edged down yet remain elevated: the US West Coast stands at USD 7,463 per FEU ( 1.28% week on week), and the US East Coast at USD 10,497 per FEU ( 0.77% week on week). Actual freight quotes from freight forwarders range from USD 7,800 to 10,500, generally above the index reading. This indicates the spot market is still trading above the index, with short term market strength intact. Support stems from pre holiday shipment rush, capacity cuts via reduced sailings and port congestion.
Europe-Bound Rates Keep Falling: rates for Northern Europe fell to USD 2,313 per TEU ( 4.61% week on week), and Mediterranean rates dropped by 1.92%. Weak demand coincides with the delivery of new vessel capacity. Some backhaul vessels have resumed Suez Canal transits, phasing out the capacity crunch caused by Red Sea diversions.
October market outlook hinges on the tussle between seasonal slowdown and pre peak shipment surge. Should tariff uncertainties trigger advanced shipments for November December, US bound freight rates will retain underlying support. Enterprises are advised to secure freight rates and book space in the first half of October, and mitigate price risks through a mix of long term contracts and spot market shipments.