Trade

Transpacific and Gulf box rates stay high as carriers update fuel and seasonal surcharges

29 August 2026
4 sources

In recent days, container spot rates on key transpacific and Middle East trades have remained elevated, while carriers move to adjust fuel-related and other surcharges. The Freightos Baltic FBX01 index for China/East Asia–US West Coast is around USD 7,655 per FEU and China/East Asia–US East Coast about USD 9,791, while Shanghai–Persian Gulf all‑in rates have risen above USD 6,100 per TEU with a weekly increase of over 7%. Against a backdrop of higher oil prices and constrained transits via the Panama Canal and selected Middle Eastern routes, major container lines are revising inland fuel floaters and bunker‑linked surcharges across their networks.

Latest assessments from the Freightos Baltic Exchange indicate that transpacific container rates remain at elevated levels: the China/East Asia–US West Coast FBX01 benchmark has climbed to roughly USD 7,655 per FEU, while the China/East Asia–US East Coast FBX03 route is holding near USD 9,791. Chinese trade press, citing the Shanghai Shipping Exchange, reports that on 28 August Shanghai–US East Coast spot rates stood at about USD 10,046 per FEU, with Shanghai–US West Coast around USD 6,940 per FEU and a spread of USD 3,106 between the two trades. At the same time, Shanghai–Persian Gulf base rates including ocean surcharges reached approximately USD 6,139 per TEU, up more than 7% week on week. Parallel to the increase in ocean rates, major carriers have started to adjust inland and bunker‑related surcharges; leading lines have announced changes to their Inland Fuel Floater and similar fuel‑cost adjustments for inland services in Spain and other European markets.

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