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SCFI eighth weekly rise: US West +3% to $7,560; Europe softens further

Commercial Times (18–19 Sep 2026) reports Shanghai’s SCFI rose 0.70% to 3,687.83 on 18 Sep — an eighth consecutive weekly gain. Far East–US West Coast 40ft rose 3.01% to USD 7,560; Far East–US East Coast rose 0.95% to USD 10,579. Europe and Mediterranean fell 6.48% and 5.34% to USD 3,683 and USD 4,074 per 40ft. Forwarders cite Sep 18–30 spot ranges of about USD 6,200–8,300 (West Coast) and USD 9,000+–12,500 (East Coast). Evergreen and Wan Hai sought West Coast hikes of about USD 300–400 from 15

Commercial Times (18 Sep and 19 Sep 2026 editions) reports that the Shanghai Containerized Freight Index (SCFI) rose 25.65 points, or 0.70%, to 3,687.83 on 18 September — an eighth consecutive weekly increase. The US trades again led: Far East to US West Coast 40ft rose USD 221 (+3.01%) to USD 7,560; Far East to US East Coast rose USD 100 (+0.95%) to USD 10,579. The paper notes US-lane strength has now run eight weeks since late July.

Asia–Europe moved the other way. Far East–Europe 40ft fell USD 255 (−6.48%) to USD 3,683; Mediterranean 40ft fell USD 230 (−5.34%) to USD 4,074. Near-sea Southeast Asia and Korea rose, while Japan eased slightly. Forwarders told Commercial Times that market quotes for 18–30 September remain elevated: roughly USD 6,200–8,300 per 40ft to the US West Coast, about USD 9,000-plus to USD 12,500 to the East Coast, and about USD 3,500–4,200 to Europe.

On carrier pricing, Commercial Times (19 Sep) says Evergreen and Wan Hai sought West Coast increases of about USD 300–400 from 15 September, while Yang Ming sought about USD 650, narrowing the gap with Evergreen. Forwarders cited five supports for short-term US firmness: Asian port congestion, low Panama Canal water levels, seasonal demand, pre–National Day (1 Oct) export rush, and carrier capacity control — plus bunker and canal-related surcharge upside. As Golden Week nears, some carriers are also offering promotional loads to fill holiday sailings; treat those as case-by-case, not a broad rate reset.

Source: Commercial Times (工商时报)

Topics

  • logistics
  • freight-rates
  • scfi
  • transpacific
  • golden-week

US and China discuss cutting China’s 15% LNG tariff ahead of 24 Sep Xi visit

Reuters (18 Sep 2026) reports Washington and Beijing are discussing a plan to reduce or eliminate China’s 15% tariff on US LNG as part of a broader energy and agriculture package that could be announced when Xi Jinping visits Washington on 24 Sep. The LNG relief is being talked about alongside the previously reported reciprocal framework under which each side would cut tariffs on about USD 30 billion of goods. Talks are not final; White House and Chinese embassy did not comment.

US expected to delay excess-capacity tariffs until after 24 Sep Trump-Xi summit

Bloomberg (18 Sep 2026), via The Straits Times and CNBC TV18, says the US is expected to delay announcing new Section 301 tariffs tied to trading partners’ excess manufacturing capacity at least until after the 24 Sep Trump-Xi summit in Washington. An earlier Bloomberg report said a planned excess-capacity trade report would recommend a 7.5% tariff on Chinese goods; that would, if applied as previously expected, restore second-term China duties toward about 20%. USTR and the White House did not

Trump-Xi 24 Sep Washington agenda: tariff truce, Boeing, rare earths

Reuters (17 Sep 2026) says President Trump will host Xi Jinping in Washington on 24 Sep, Xi's first White House visit in a decade and their second meeting this year. Markets will watch whether last October's tariff truce, set to expire 10 Nov, is extended, plus any progress on a mutual tariff cut covering about $30 billion of goods, Boeing purchases, and rare-earth licence flow.

Maersk suspends TPX extra loader for the rest of Q4 after 29 Sep

The Loadstar (17 Sep 2026) reports Maersk will suspend its standalone transpacific TPX extra-loader after the 4,200 teu Maersk Boston sails from Vung Tau on 29 Sep. TPX then stays down for the rest of Q4 2026. MSC separately said it will blank its Asia-US East Coast Emerald sailing in week 41 because of an expected Golden Week demand dip.

Dated desk notes, not a news feed Updates.

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