Data highlights
- Market average spot rates – 5 June 2025:
- Far East to US West Coast: USD 5082 per FEU (40ft container)
- Far East to US East Coast: USD 6160 per FEU
- Far East to North Europe: USD 2352 per FEU
- Far East to Mediterranean: USD 3982 per FEU
- North Europe to US East Coast: USD 2129 per FEU
- Market mid-high spot rates – 5 June 2025:
- Far East to US West Coast: USD 6100 per FEU
- Far East to US East Coast: USD 7180 per FEU
- Far East to North Europe: USD 2704 per FEU
- Far East to Mediterranean: USD 4895 per FEU
- North Europe to US East Coast: USD 2405 per FEU
Note: The Xeneta mid-high is the spot rates paid by shippers in the 75th percentile of the market.
- Market mid-high on the Transpacific trade from Far East to US West Coast has increased 88% since 31 May to USD 6100 per FEU. These are generally the rates paid by shippers who are willing to accept higher cost to get goods moving following the 90-day pause in the higher US-China tariffs.
- The market mid-high on the Transpacific shows some shippers have met the 1 June rate increases pushed by numerous carriers. COSCO, Evergreen, Hapag-Lloyd and HMM (among others) pushed for spot rate increases of USD 3000 per FEU.
- Mid-high spot rates have increased 67% from Far East to US East Coast since 31 May to stand at USD 7180 per FEU.
- Market mid-high has increased 32% on the trade from Far East to North Europe since 31 May to stand at USD 2704 per FEU.
- Spot rate increase from Far East to North Europe is despite the four-week rolling average capacity offered on this trade reaching 346 000 TEU on 5 June – higher than any point during the Covid-19 pandemic.
Xeneta analyst insight - Transpacific
Peter Sand, Xeneta Chief Analyst:
“The 88% increase in market mid-high spot rates on the Transpacific trade shows shippers are so concerned about getting goods moving again during the 90-day window of opportunity of lower tariffs that they are willing to pay more. Right now, it seems carriers are telling shippers to jump, and some are replying ‘how high?’.
“This will not last because capacity is heading back to the Transpacific and the desperation of shippers to get supply chains moving again will ease once boxes are on the water and inventories begin to build up. Spot rates are expected to peak in June before downward pressure returns.”
Xeneta analyst insight – Far East to North Europe
Peter Sand, Xeneta Chief Analyst:
“Far East to North Europe is indirectly impacted by the US-China tariffs because what happens in one region can quickly ripple across global supply chains. Four week rolling capacity to North Europe is currently higher than any point during the Covid-19 pandemic, but shippers know these ships will be heading back to the Transpacific trades now tariffs have been lowered.
“Just the threat of tightening of capacity against a wider backdrop of fear and uncertainty due to the geo-political situation is enough to push up spot rates.”
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’s Media Contacts:
Philip Hennessey
Director of External Communications
Xeneta
+44 7830 021808
press@xeneta.com
