--- title: Far East Weekly Tradelane Report description: US Gulf to Far East shipping rates held flat in Week 38 as high contract nominations kept spot space balanced and limited fresh inquiry. image: https://www.spimarine.com/hubfs/FEAST.jpg --- [![SPI Marine — Specialty Cargo Shipping Broker](https://www.spimarine.com/hubfs/SPI%20Marine%20Logo%202026.svg)](https://www.spimarine.com) - [Home](https://www.spimarine.com) - [The Current](https://www.spimarine.com/the-current) - [Trade Lane Reports](https://www.spimarine.com/the-current/tag/tradelane-report) - Ex: USG - [Transatlantic](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) - [Far East](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report) - [Mediterranean](https://www.spimarine.com/the-current/mediterranean-weekly-report) - [West Coast India](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) - [South America](https://www.spimarine.com/the-current/south-american-weekly-tradelane-report) - [Iran Watch](https://www.spimarine.com/the-current/iran-watch) - [About Us](https://www.spimarine.com/about-us) - [Services & Expertise](https://www.spimarine.com/services-and-expertise) - [ISO Tank Services](https://www.spimarine.com/iso-tank-container-brokerage) - [Partner With Us](https://www.spimarine.com/partner-with-us) - [Our Story](https://www.spimarine.com/about-us/our-story) - [Locations](https://www.spimarine.com/locations) - [Houston, TX](https://www.spimarine.com/offices/houston) - [Newark, United Kingdom](https://www.spimarine.com/newark) - [Norwalk, CT](https://www.spimarine.com/offices/norwalk) - [Rotterdam, The Netherlands](https://www.spimarine.com/offices/rotterdam) - [Seoul, South Korea](https://www.spimarine.com/offices/seoul) - [Shanghai, China](https://www.spimarine.com/offices/shanghai) - [Singapore](https://www.spimarine.com/offices/singapore) - [Sohar, Oman](https://www.spimarine.com/offices/sohar) - [Contact Us](https://www.spimarine.com/contact-us) # Far East Weekly Tradelane Report [Tradelane Report](https://www.spimarine.com/the-current/tag/tradelane-report) [FEAST](https://www.spimarine.com/the-current/tag/feast) Sep 21, 2026 5 min read [Share on LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=https://www.spimarine.com/the-current/far-east-weekly-tradelane-report) Far East Weekly Tradelane Report 1:15 --- **Table of Contents** [Weekly Summary](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report#summary) [Freight Trends](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report#freight-trends) [Notable Fixtures & Market Quotes](https://www.spimarine.com/the-current/far-east-weekly-tradelane-report#market-info)   SPI Marine - Far East Weekly Tradelane Report ## Weekly Summary USG — FEAST Week 38  |  Sep 14 – Sep 18, 2026 Market Direction Stable 10K: $86/mt Rates hold flat across parcel bands. The 5K and 10K bands held at $106/mt and $86/mt respectively, while 20K edged up one dollar to $84/mt. High COA nominations kept spot space balanced and rates at a rollover. Key Driver Demand COA Nominations COA volume absorbs spot space, steadying rates. Elevated COA nominations are consuming available capacity on the corridor, leaving only one identified pocket of space for a 10,000 metric ton parcel. This absorption is holding the spot market in equilibrium. Market Positioning Balanced Market Limited Spot Space One prompt parcel window remains on the corridor. A single pocket of space for a 10,000 metric ton parcel represents the primary prompt fixing opportunity, with COA volume keeping broader availability contained. FFA signals for CPP out of the US Gulf in October may shift conditions for larger parcel sizes. Trade Lane US Gulf Coast → Far East The **USG-FEAST corridor** is one of the longest haul specialty cargo routes in the global tanker market, connecting US Gulf export terminals with receivers across South Korea, Japan, and China. Ulsan serves as the primary Korean discharge hub, anchoring demand from the region's major petrochemical complexes. The lane moves methanol, chemicals, and clean petroleum products on MR, LR1, and LR2 tonnage, with voyage durations of approximately 35 to 45 days depending on Panama Canal routing and vessel class. Canal slot availability and auction pricing are structural variables on this corridor — congestion at Panama can drive significant rate divergence between vessels routing via the Canal and those transiting via the Cape of Good Hope.  Benchmarks MR / LR1 / LR2 Panama Canal Ulsan Cape of Good Hope The USG to Far East corridor held at a rollover this week, with rates unchanged across the 5K and 10K bands at $106/mt and $86/mt respectively, and the 20K band edging up one dollar to $84/mt. High COA nominations are keeping the amount of spot space balanced, leaving one identifiable pocket of space for a 10,000 metric ton parcel as the primary prompt opportunity on the tradelane. Larger parcel availability was shaped by off-vessel supply and increased bunker prices, which factored into the 20K move. Forward inquiry remains measured, though FFA signals for clean petroleum products out of the US Gulf are showing a sharp increase for October, which may translate into upward pressure on 30,000 to 40,000 metric ton parcels as that period approaches. SPI Marine - Far East Weekly Tradelane Report ## Freight Trends SPI Marine - Far East Weekly Tradelane Report ## Notable Fixtures & Market Quotes #### Disclaimer *This information is provided in good faith on an as-is basis without guarantee, representation, or warranty. Freight market commentary, trade lane analysis, and related content are indicative and for general guidance only. This content does not constitute investment, legal, chartering, or financial advice and should not be relied upon as the basis for any commercial decision. Use of this information is at your own risk. To the fullest extent permitted by law, SPI Marine and its affiliates accept no liability for reliance placed on this content. This content is protected by copyright in favor of SPI Marine Group and its affiliates. Unauthorized reproduction, redistribution, or republication is prohibited. Full terms governing use of this website are available in our [Terms and Conditions](https://www.spimarine.com/terms-and-conditions).* [Tradelane Report](https://www.spimarine.com/the-current/tag/tradelane-report) [FEAST](https://www.spimarine.com/the-current/tag/feast) ### Latest from The Current Tradelane Report ### [West Coast India Weekly Tradelane Report](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) US Gulf to West Coast India freight rates held flat in week 37, with outsider tonnage fixing and MEG inquiry active for late September. [Read More.](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) Sep 21, 2026 Tradelane Report ### [South American Weekly Tradelane Report](https://www.spimarine.com/the-current/south-american-weekly-tradelane-report) USG to ECSA freight rates firmed this week across all parcel sizes as rising bunker costs and building October cargo demand support an upward... [Read More.](https://www.spimarine.com/the-current/south-american-weekly-tradelane-report) Sep 21, 2026 Tradelane Report ### [Transatlantic Weekly Tradelane Report](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) US Gulf to Northwest Europe freight rates held flat in week 37 as excess vessel supply and limited concluded fixtures kept the market unchanged. [Read More.](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) Sep 21, 2026 ##  ![SPI Marine logo for The Current blog](https://www.spimarine.com/hs-fs/hubfs/spi-the-current-logo-alt.png?width=348&height=110&name=spi-the-current-logo-alt.png) Tradelane rates, fixture activity, and commodity intelligence from the SPI Marine team — delivered directly to your inbox. Trusted by logistics and procurement professionals across the global specialty cargo sector.  Stay Ahead of the Market *We respect your privacy. 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