FBX slides as container rates cool across key trade lanes

The latest figures from the Freightos Baltic Index (FBX) show a significant drop in global container freight rates, with the composite index falling 19.7% week-over-week to $2,894. This marks a 34.9% decline compared to the same time last year.

Spot rates on major Asia-related routes saw sharp corrections:

• Asia–North America West Coast (FBX01): Down 39% to US$3,389 per FEU

• Asia–North America East Coast (FBX03): Down 15% to US$6,119 per FEU

• Asia–North Europe (FBX11): Down 4% to US$2,969 per FEU

• Asia–Mediterranean (FBX13): Down 5% to US$4,223 per FEU

After spiking earlier in June, particularly on the trans-Pacific lanes, rates have cooled rapidly. West Coast rates, which had surged 115% from the end of May to a peak of US$6,000 per FEU mid-June, have now fallen 43% from that high—though they still sit 22% above May-end levels.

A similar pattern unfolded on the East Coast, where rates climbed to around US$7,200 per FEU before retreating 15% to end June at $6,116 per FEU.

In contrast, Asia–Europe and Asia–Mediterranean rates held firmer, closing the month up 25% compared to May.

The FBX, jointly published by Freightos and the Baltic Exchange, tracks daily spot rates for 40-foot containers across 12 major global trade lanes, offering insight into short-term shifts in freight market dynamics.

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