Xeneta has reported a dramatic decline in container rates, particularly affecting the Transpacific trade. As of June 27, 2025, the average spot rate from the Far East to the US West Coast has plummeted to USD 3,317 per FEU (40-foot container).
This represents a notable decrease since June 1, although rates are still slightly elevated compared to May 31. The ongoing US-China trade war continues to influence this trade lane, with excess capacity leading shippers to challenge peak season surcharges.
On the other hand, spot rates from the Far East to the US East Coast have also dropped 9% since June 1, settling at USD 5,990 per FEU. Nonetheless, this rate is still 43% higher than what it was at the end of May, indicating a mixed performance in this trade sector.
Meanwhile, rates for routes from the Far East to North Europe and the Mediterranean remain elevated compared to earlier in June, with increases of 5% and 14%, respectively. For trade from North Europe to the US East Coast, the rates have remained stable at USD 2,105 per FEU, reflecting a minor 3% uptick since May 31.
This stability coincides with ongoing negotiations between the European Commission and the US, as both parties strive for an agreement before the expiration of a 90-day pause on increased tariffs. Peter Sand, Xeneta’s Chief Analyst, noted the significant downfall of rates from Far East to US West Coast, specifically a 39% decrease since June 1.
He also highlighted the widening rate gap of USD 2,673 between the US West Coast and East Coast, marking the highest difference seen in ten months. As the market adjusts to these developments, it is anticipated that shippers will also start exerting pressure on rates for the East Coast, potentially leading to a similar drop in spot rates in the near future.