- Transpacific rates strengthen on resilient demand and tighter capacity
- Asia-Europe trades soften as peak-season momentum fades
The Shanghai Containerized Freight Index (SCFI) rose 2.42% w-o-w to 3,355.24 on 14 August 2026 from 3,276.14 on 7 August, driven by firmer transpacific rates. Asia-US West Coast and East Coast rates increased, while Asia-Europe and Asia-Mediterranean trades remained under pressure.
Transpacific markets firm
Asia-US West Coast and East Coast rates strengthened on resilient cargo demand and tighter effective capacity. Carrier measures such as blank sailings continue to support spot rates, particularly on the US East Coast, despite signs of easing peak-season activity.
Europe-bound trades weaken
Asia-Europe and Asia-Mediterranean rates continued to decline as peak-season demand cooled and vessel availability improved. Rates have retreated from July highs, with carriers adjusting capacity through additional blank sailings.
Capacity management provides support
While softer European demand is weighing on rates, blank sailings, port congestion and infrastructure bottlenecks are limiting the extent of the correction. Strong Chinese export volumes are also providing underlying support to container trade.
Outlook
Freight markets are expected to remain divergent through August, with transpacific trades likely to outperform Europe-bound routes. Capacity discipline, congestion and geopolitical risks should cushion rates even as seasonal demand moderates.
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