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3 min read  | Weekly Rate Update

Weekly Container Freight Rate Update Week 38, 2022 | Schedule Reliability On Far East To The US West Coast

Emily Stausboll  | September 21, 2022

This week's container freight update covers the average capacity and blank sailings on the Far East to the US West Coast while we head into the not-so-traditional peak season. 

The average capacity offered from the Far East to the US West Coast has fallen to its lowest since February in the past four weeks. Over this period, an average of 275 000 TEU has left the Far East heading for the US West Coast, about 50 000 TEU less than the peak in early August.

Compared to the same four weeks in 2021, the capacity offered is down by 13%, the equivalent of removing 21 ships of 8 000 TEU, which is the average size of ships on this trade. So far this year, capacity offered from the Far East to the US West Coast is just over 600 000 TEU lower than in the same period last year (-5.4%).

Read more below in Xeneta's weekly container rate update.

Capacity And Blank Sailing: Far East to the US West Coast

Container Freight Rate Update Week 38

Compared to this significant drop in capacity, the fall in demand has been more pronounced. Over the first seven months of the year, the number of containers from the Far East to the US West Coast has fallen by just under 700 000 TEU (Source: CTS). Compared to 2019, capacity on this trade is up by 240 000 TEU, whereas demand is up by 890 000 TEU from the first seven months of 2019. 

Carriers have upped the number of blanked sailings in response to the collapsing spot rate. Over the past 12 weeks, the spot rate has fallen by 46.3%, averaging USD 4 150 per FEU on 20 September. Despite carriers blanking 1.5 million TEU of capacity over the same 12 weeks, a fall in capacity has occurred.

Despite this being the traditional peak season of the year when blank sailings usually fall as volumes rise, the past few weeks have seen the highest levels of blanked capacity since January and early February as this year’s peak season has failed to materialize.

As the number of ships calling the US West Coast has dropped, schedule reliability has improved, reaching its highest level since congestion hit over the summer months last year at 27.1%. This is 11 percentage points better than last year, with roughly one in four ships arriving on time now compared to one in six. 

The average delay for late ships has also fallen to 9.6 days. While these numbers are still not impressive, they represent a drop in the average time spent on this trade which means that the total capacity deployed on this trade has fallen by even more than the weekly offered capacity would suggest.  


The 'Weekly Container Rates Update' blog analysis is derived directly from the Xeneta platform, and in some instances, it may diverge from the public rates available on the XSI ®-C (Xeneta Shipping Index by Compass, xsi.xeneta.com. Both indices are based on the same Xeneta data set and data quality procedures; however, they differ in their aggregation methodologies.

  • Xeneta Platform Methodology here
  • XSI ®-C Methodology here

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