- Market average spot rates – 7 August 2025:
- Far East to US West Coast: USD 2098 per FEU (40ft container)
- Far East to US East Coast: USD 3311 per FEU
- Far East to North Europe: USD 3330 per FEU
- Far East to Mediterranean: USD 3372 per FEU
- North Europe to US East Coast: USD 2015 per FEU
- Market average spot rate on the Transpacific trade from Far East to US West Coast has fallen 3% from 31 July, with the heavy declines since 1 June (down 62%) starting to ease.
- Average spot rates from Far East to US East Coast are down 53% since 15 June after falling a further 9% since 31 June to USD 2015 per FEU.
- Blanked sailings from Far East to US West Coast (four week rolling average) have increased from 30 000 TEU per week on 22 June to 57 000 TEU on 1 August.
- Average spot rates from Far East to North Europe flattened after increasing 78% between 31 May and 1 July. Current spot rate is USD 3330 per FEU, down just 2% compared to 1 July.
- Average spot rates from Far East to Mediterranean have declined a further 7% since 31 July to USD 3 372 per FEU. This is a decrease of 26% since 15 June.
- The spread in average spot rates on Far East trades to North Europe and Mediterranean has now hit almost parity at USD 42 per FEU. On 1 June, the spread between these trades was USD 1 765.
Xeneta analyst insight - Transpacific
Peter Sand, Xeneta Chief Analyst:
“Carriers have taken action to arrest the plummeting average spot rates on the Transpacific trade to the US West Coast through strong capacity management, with blanked sailings now almost double the level in mid-June.
“The dramatic spot rate decline has slowed in August so the stronger capacity management is having some success for carriers, but this is limited and not enough to stop the downward trajectory in coming months.
“With significant overcapacity in the global container shipping fleet and a muted forecast for demand, keeping spot rates elevated will be like holding back the tide, no matter how hard carriers try.”
Ends
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About Xeneta
Xeneta is the leading neutral ocean and air freight rate and market intelligence provider, transforming how freight is bought and sold by reducing friction and uncertainty for thousands of procurement and logistics professionals world-wide.
Powered by 15m contracted rates analyzed per month, shippers and service providers rely on Xeneta’s complete and accurate ocean and air freight rates, carrier performance data and market outlooks, to optimize freight spend, safeguard their supply chains and improve their procurement forecasting and planning. Their range of market rates and insight provide companies like Volvo, John Deere, Nestle and Kuehne + Nagel with the data and intelligence to save negotiation time, secure the right shipping service at the right cost, and de-risk supply chain weaknesses.
Xeneta is a privately held company with over 200 employees worldwide and headquartered in Oslo, Norway. www.xeneta.com
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