Container derivative prices on the transpacific have largely rebounded to mid-2012 levels, according to information from London-based ICAP Shipping.
The forward curve on the Asia-U.S. West Coast lane was at around $2,500 per FEU in January, according to ICAP’s container forward prices released Friday. That compares to $2,550 per FEU on the same lane in July.
From Asia to the U.S. East Coast, it’s a similar picture. The forward price in January is $3,700 per FEU, compared to $3,740 per FEU in July.
The picture is wholly different on the Asia-Europe westbound lane, however. Rates from Asia to Northern Europe that were $1,800 per TEU in July are now at $1,375 per TEU for January. And on the Asia-Mediterranean lane, they’ve fallen from $1,770 to $1,220 per TEU. - Eric Johnson