The market average  expect further softening in rates in the coming weeks.

A Xeneta report revealed shipping prices after its update. where experiences of capacity and freight rate volatility vary across shippers, so logistics procurement professionals must have granularity and deep visibility of these market This is an analysis Peter Sand, Xeneta Chief Analyst emphasized : "Offered capacity on the Transpacific trade from Far East to US West Coast increased 6.9% in the last week against a backdrop of subdued demand, yet average spot rates remained almost flat.

 Further softening in rates 

"The full story is found by comparing rates being paid by shippers at different levels of the market. Xeneta data shows the mid-low market segment – generally occupied by the larger volume shippers – has fallen 18.3% in the last month, while the market average has fallen a lesser -11.5%. Meanwhile he said "With the market mid-low acting as a bellwether and seemingly impacted more immediately by the increasing capacity on the Transpacific, those shippers paying the market average should expect further softening in rates in the coming weeks.

The main Far East fronthauls to the US and Europe

"Experiences of capacity and freight rate volatility vary across shippers, so logistics procurement professionals must have granularity and deep visibility of these market dynamics.

"Volatility is seen across the main Far East fronthauls to the US and Europe, with widespread falling rates expected. Carriers will respond with aggressive capacity management, including blanking sailings, which could cause supply chain disruption and delays for shippers."

Related : Xeneta releases weekly ocean container shipping market update

Data highlights

• Market average spot rates – 12 February 2026

  • Far East to US West Coast: USD 2,052 per FEU (40ft container)

  • Far East to US East Coast: USD 2,882 per FEU

  • Far East to North Europe: USD 2,320 per FEU

  • Far East to Mediterranean: USD 3,371 per FEU

  • North Europe to US East Coast: USD 1,484 per FEU

• Offered capacity (4-week rolling average) – w/c 9 February 2026

  • Far East to US West Coast: +6.9% from a week ago

  • Far East to US East Coast: +6.5% from a week ago

  • Far East to North Europe: -1.3% from a week ago

  • Far East to Mediterranean: +9.6% from a week ago

  • North Europe to US East Coast: +19.0% from a week ago

#A Xeneta report # Peter Sand #update shipping rates #US West Coast#Europe