FBX Index February 2025: Early Lunar New Year boosts container rates as US shippers prepare for tariff impacts

An unusually early Lunar New Year at the end of January set the precedent for a rise in container rates at the start of January before dipping to normal levels at the end of the month. However, with the new Trump administration putting plans in place to introduce new tariffs and the Red Sea crisis …

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East of Suez to benefit more than Europe from LR tonne-miles drop

LR tonne-miles dropped sharply in December-24 and January-25 due to a stark decline in Europe’s middle distillate imports, and shifting export patterns in the Wider Arabian Sea. Due to declining Red Sea exports, and India West Coast exports having stayed within the Pacific Basin amid weak European demand, Europe’s supply is increasingly dependent on imports …

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