The market is broadly flat week on week, with the Baltic spot indexes showing limited short-term movement, but remain clearly elevated compared with pre-Christmas levels.

The headline rate moved up 1.6% on last week but up 16.9% compared to 24 December.

China to West Coast USA FBX01 was up 4.9% on the week and 28.6% on Christmas and China to East Coast was up 5% and 17.3%, respectively.

China to north Europe was down 1.6% on the week but up 9.5% on the 24 December, and China to the Med was down 1% and up 19.8%, respectively.

The market continues to be supported by effective capacity constraints stemming from schedule disruption, longer transit times and ongoing network adjustments, alongside some planned carrier freight rate increases implemented at the start of the year. While near-term momentum appears to have stabilised, pricing resilience versus late-December benchmarks underlines a market that remains structurally tighter than is typical for this time of year.
Source: Baltic Exchange