NOTE: quotes and insight from Xeneta Chief Analyst Peter Sand follow the data highlights below.
Data highlights
o Market average spot rates – 20 November 2025:
• Far East to US West Coast: USD 2190 per FEU (40ft container)
• Far East to US East Coast: USD 2838 per FEU
• Far East to North Europe: USD 2367 per FEU
• Far East to Mediterranean: USD 2943 per FEU
• North Europe to US East Coast: USD 1570 per FEU
o Offered capacity (4 week rolling average) – w/c 17 November 2025:
• Far East to US West Coast: +5.4% from a week ago
• Far East to US East Coast: +11.4% from a week ago
• Far East to North Europe: +4.8% from a week ago
• Far East to Mediterranean: +8.7% from a week ago
• North Europe to US East Coast: +10.7% from a week ago
• Carriers offer more capacity across the five main haul trades for a second week in a row. Ranging from +4.8% into North Europe from the Far East to +11.4% into the US East Coast.
• The largest jump this week is found on the trade from the Far East to US East Coast. The total ‘offered capacity’ went up 11.4% from a week ago. This increase is mainly due to Ocean Alliance’s double departures of Ever Focus from Busan, Korea on 19 November and Texas Triumph from Ningbo-Zhoushan on 22 November. Both will call Savannah, Georgia before Christmas after transiting the Panama Canal.
• On the North Europe to US East Coast trade, capacity reached a 28-month high this week, just shy of 60,000 TEU (4 week rolling average). Comparing that to the 10-month low just one month ago, offered capacity is up a massive 55.5%. The expansion mainly comes from non-alliance capacity, up 157.1% - with Gemini Alliance offering 42.3% more over the same period.
• Capacity growth into the US East Coast from the Far East seemingly matched – and exceeded - demand as average spot rates fell 2.8% from a week ago. Down a total of 23% from the 1 November peak. (....)