European Container Shipping "Container quotes up for departures over the..."

Research evidence excerpt

European Container Shipping "Container quotes up for departures over the..."

Global Research

17 June 2026ab

European Container Shipping Equities

Europe Ex. UKContainer quotes up for departures over the

next 14 days Marine Transport

Cristian Nedelcu, CFA

Analyst

cristian.nedelcu@ubs.com

Ocean quotes are up for departures over the next 14 days for the main East- +44-20-7568 4375

West routes

Samuel Goldstone

Our quote collection this week shows further rate increases for departures over the next Associate Analyst

14 days following the ~9% w/w increase in the SCFI last week. Since the start of the samuel.goldstone@ubs.com

Middle East conflict we have now seen spot rates rise >120%, with our quote collection +44-20-7567 0338

this week implying further upside to this number. We estimate that bunker surcharges Robin Xu

have contributed to ~$200/TEU of price increases, with the remaining ~$1,700/TEU Analyst

increase in global container rates likely driven by supply and demand imbalances S1460511010012

following the peak season demand pull-forward (Figure 6Weestimatethatbunkercostsareup~$20/TEUsincethestartoftheHormuzclosurevs.increasesintheSCFIof~$1,50/TEU). bin.xu@ubs.com

+86-21-3866 8872

The development over recent weeks points to upside to ocean carrier FY26 EBITDA Thomas Wadewitz

guidance for Maersk and Hapag-Lloyd. The upwards rate inflection is also supportive of Analyst

GP/unit in ocean for freight forwarders into the next months. thomas.wadewitz@ubs.com

+1-212-713 6116

Aaron Luoi. On data we extracted today, looking at the next 7 days' departures, we note quotes on

China-North Europe are up ~12% vs. quotes collected last week. Quotes on China-

S1460520090002

North Europe are up ~11% vs. the latest SCFI. Linerlytica highlights 1 July rate increases aaron.luo@ubs.com