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The Shanghai Shipping Exchange shows spot rates to Europe at low of $399 per TEU.
Lower bunker prices are a temporary windfall that won't last, according to predictions from Boston Consulting Group.
The two agreements announced Friday will allow U.S. producers to export slaughter cattle to Mexico and expand pork shipments to Peru.
The vessel, which runs on liquid natural gas, will enter service later this year between Jacksonville and San Juan.
Trans-Pacific Partnership and EU free trade agreements would prevent partners from undercutting U.S. jobs, according to the president.
The Federal Maritime Commission may institute more stringent monitoring of ocean carrier alliances, according to commissioner William P. Doyle.