--- title: Far East Weekly Tradelane Report description: US Gulf to Far East chemical tanker freight rates held flat this week as quiet inquiry left parcel space unfilled after many weeks on offer. 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) Oct 16, 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 1:24 --- **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 42  |  Oct 12 – Oct 16, 2026 Market Direction Stable 10K: $87/mt Benchmark rates hold flat across all sizes Rates held flat, with 3K in the high 120s, 5K in the high 100s and 10K in the high 80s. Quiet inquiry left pockets of regular owner space unfilled after many weeks on offer. Key Driver Demand Quiet Parcel Inquiry Slow parcel inquiry leaves regular owner space unfilled Activity on the trade stayed relatively quiet, and pockets of space among the regular owners have now been on offer for many weeks. Methanol quotes out of La Brea and an unusual trader looking to the Far East add interest. Market Positioning Balanced Market Parcel Space Open Parcel space lingers while fully open tonnage tightens Fixing held with 5K in the high 100s and 10K in the high 80s, while space for fully open vessels in the US Gulf grew very tight. A 20,000 mt EDC inquiry to Merak for early November keeps forward interest in view. 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 Activity on the US Gulf to Far East trade stayed relatively quiet this week, with rates flat across the benchmark sizes. 3K held in the high 120s, 5K in the high 100s and 10K in the high 80s. Pockets of space among the regular owners remain unfilled after many weeks on offer, even as space for fully open vessels in the US Gulf has grown very tight. Methanol continues to quote out of La Brea, following full cargo fixtures from La Brea in the mid 90s and from Beaumont on a lumpsum basis. An unusual trader is also looking from the US Gulf to the Far East. A 20,000 mt EDC inquiry to Merak for early November keeps forward interest in view. MEG to Northeast Asia saw a resurgence, with around 15,000 mt fixed in October, and the MR market continues to outpace parcel rates on smaller vessels. 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 chemical tanker rates held steady this week as October vessel positions tightened and new glycol business emerged. [Read More.](https://www.spimarine.com/the-current/west-coast-india-weekly-tradelane-report) Oct 16, 2026 Tradelane Report ### [Transatlantic Weekly Tradelane Report](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) US Gulf to Northwest Europe chemical freight rates held steady this week, supported by tight prompt vessel supply and high fuel costs. [Read More.](https://www.spimarine.com/the-current/transatlantic-weekly-tradelane-report) Oct 16, 2026 Tradelane Report ### [South American Weekly Tradelane Report](https://www.spimarine.com/the-current/south-american-weekly-tradelane-report) US Gulf to East Coast South America freight rates held steady this week as rising cargo demand on other lanes may tighten tonnage into November. [Read More.](https://www.spimarine.com/the-current/south-american-weekly-tradelane-report) Oct 16, 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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