The Xeneta Ocean iXRT provides an overview of market movements, the key risks and issues to be aware of and insight on how these may develop in the coming weeks and months.
Topics covered in this iXRT Report include:
- January 2025 market disruptions: Threat of port strikes on US East and Gulf Coasts averted; Middle East ceasefire raises interest in Red Sea shipping; Trump's inauguration brings new tariff threats.
- Spot rates trends: Spot rates out of the Far East increased in early January, but have since dropped 11% (West Coast) and 5% (East Coast) by 22 January.
- Current spot rates: As of 22 January, West Coast rate = USD 5,175 per FEU, East Coast rate = USD 6,542 per FEU.
- Discounted rates: Carriers offering rates around USD 4,200 per FEU from China to West Coast, below market lows, but volumes are split between these and regular rates.
- Carrier strategy: Carriers aim to maintain FAK rates while using lower rates to fill ships.
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