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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 42-2026
📌 Weekly Logistics Highlights (October 10–16, 2026)
Major container freight indices moved slightly higher this week, although route performance remained mixed. On October 15, Drewry’s World Container Index rose 3% to USD 4,485 per 40ft container. On October 16, the Shanghai Containerized Freight Index increased 0.42% to 3,679.58. Korea’s Container Composite Index reached 4,654 on October 12, up 0.54% week on week.
Asia–Europe and Mediterranean rates increased, while US East and West Coast routes moved in different directions. Among Korea’s export routes, the US West and US East indices rose, while the North Europe and Mediterranean indices declined.
The week’s main market risks centered on vessel security in the Strait of Hormuz, labor action at Chattogram Port and inland waterway disruption in Europe. Available reports confirmed a hunger strike and announced further action by Chattogram port workers but did not confirm a portwide shutdown.
China Market Updates
Hong Kong, China
🔹 Greater Bay Area’s first zero-carbon container service links Guangzhou and Hong Kong
On October 13, the fully electric container vessel Sui Gang Dian Hang 02 departed Guangzhou Port’s Nansha area for Hongkong International Terminals, marking the launch of the Greater Bay Area’s first zero-carbon container transport service.
Shenzhen, China
🔹 Shenzhen Port completed 2,057 vessel pilotage movements in September
Shenzhen Port’s pilot station reported on October 16 that it safely handled 2,057 vessel pilotage movements in September 2026, up 5.92% year on year. The total included 1,991 international-trade vessels and 66 domestic-trade vessels, as well as 564 vessels longer than 300 meters and 1,836 container vessel movements.
Guangzhou, China
🔹 Nansha–Indonesia breakbulk service launched
A new breakbulk service between Guangzhou Port’s Nansha area and Jakarta opened on October 15. The maiden shipment included steel products, dump trucks and engineering equipment. The service is planned to operate monthly and can carry steel, vehicles and large machinery.
Shanghai, China
🔹 Green fuel bunkering and green shipping corridor make further progress
At an October 15 press conference for the 2026 North Bund Forum, the Shanghai Municipal Government said Shanghai Port ranked among the world’s leading ports for cumulative green methanol bunkering. The first-phase milestones of the Shanghai–Los Angeles–Long Beach Green Shipping Corridor have also been completed.
Tianjin, China
🔹 Tianjin Port reports latest smart-port application data
At the 2026 Smart Port Technology Exchange on October 14, Tianjin Port Group said 88% of its large container-handling equipment was automated. More than 11,000 foreign-trade and logistics companies and over 30,000 port users were registered on the Jingangtong platform, while more than 98% of container business was processed online.
Qingdao, China
🔹 Qingdao holds shipping and free-trade-zone policy briefing
On October 13, Qingdao administrative approval authorities, the Qingdao Free Trade Zone and Qingdao Customs held a shipping policy briefing attended by more than 60 port and logistics companies. Topics included bonded logistics, warehousing and distribution, international trade and customs facilitation policies.
Vietnam
🔹 1,200-meter joint berth begins commercial operation at Cai Mep–Thi Vai
Saigon Port announced on October 11 that Cai Mep International Terminal and Tan Cang Cai Mep Thi Vai Terminal had begun commercial operation of their joint berth. The connected facilities provide 1,200 meters of continuous berth space for coordinated handling of large container vessels.
Busan, South Korea
🔹 Korea’s export container freight index edges higher
On October 12, the Korea Ocean Business Corporation reported a Korea Container Composite Index of 4,654, up 0.54% week on week. The US West Coast index rose 0.78% and the US East Coast index increased 3.51%, while North Europe declined 3.49% and the Mediterranean fell 2.00%.
Incheon, South Korea
🔹 Incheon maintains China-linked container vessel calls
Incheon Port’s integrated container information platform recorded HMM TOPAZ arriving on October 13 and departing on October 14 for Shanghai. YM CONTINENT arrived on October 13 after calling at Shekou, with Dalian listed as its next port.
United States
🔹 US East and West Coast spot rates move in different directions
As of October 15, Drewry data showed the Shanghai–Los Angeles rate rising 3% week on week to USD 7,884 per 40ft container. The Shanghai–New York rate declined 1% to USD 10,075.
Bangladesh
🔹 Chattogram port workers hold hunger strike over NCT operating agreement
On October 12, Chattogram port workers held a mass hunger strike opposing the agreement to transfer operation of the New Mooring Container Terminal to DP World and demanding protection of employee rights. Worker organizations announced that they would escalate their action from October 19 if their demands were not addressed by October 18. No reliable source confirmed a portwide shutdown during the reporting period.
Myanmar
🔹 Myanma Port Authority continues updating vessel berthing lists
The Myanma Port Authority updated its vessel berthing lists on October 13, 14 and 16, showing continued publication of vessel arrival and departure information for the Yangon port area. The authority did not publish consolidated weekly data during the reporting period that would support conclusions about total throughput or port congestion.
Middle East — Red Sea and Strait of Hormuz
🔹 Two Singapore-registered vessels struck in the Strait of Hormuz
On October 14, the Maritime and Port Authority of Singapore confirmed that GFS PRIDE and GFS GISELLE had been struck by unidentified projectiles in the Strait of Hormuz. GFS PRIDE caught fire and later sank after all 21 crew members were safely evacuated. GFS GISELLE sustained hull damage and reached a safe anchorage, with all 22 people on board reported safe. The announcement did not attribute responsibility for the incidents.
European Market Updates
🔹 Twentekanaal closure disrupts inland barge transport in the Netherlands
On October 13, Maersk said barges affected by the Twentekanaal closure were being diverted through Nijmegen. A landside contingency charge of EUR 178 per container took immediate effect for transport to and from Hengelo, Doesburg and Almelo, separate from applicable low-water surcharges.
🔹 Asia–Europe spot rates increase
As of October 15, the Shanghai–Rotterdam rate had risen 6% week on week to USD 3,522 per 40ft container. The Shanghai–Genoa rate increased 7% to USD 3,945.
Important Notice
The above market information is current as of October 16, 2026. Freight rates, space availability, vessel schedules, port operations and maritime security conditions may continue to change.
Please confirm the latest arrangements with your local EXTRANS GLOBAL team before shipment.
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