SmarTrans Global Market Intelligence

SCFI edges higher as Asia–Europe softens; Red Sea signals mixed, Taiwan Strait surges; carriers keep PSS in place across key trades

Spot ex-Shanghai (SCFI) rose while contract-weighted CCFI composite eased; FBX global slipped modestly with mixed lane moves. PortWatch shows a one-day Suez dip alongside elevated Bab el-Mandeb and a pronounced Taiwan Strait surge—signals point to timing/bunching rather than confirmed disruption. Carriers maintain broad PSS coverage on Asia–Europe, Transpacific, Transatlantic westbound, and Asia–Latin America, sustaining all-in cost pressure despite mixed index prints.

Latest Intelligence

Report Date

Aug 8, 2026

Confidence

1%

Live market data layer active

Market at a Glance

Global Freight Indices

Latest index readings from the SmarTrans market intelligence data layer.

CCFI

1,670.65

+1.15%
AUSTRALIA/NEW ZEALANDAug 28, 2026

CCFI

1,833.99

+0.68%
COMPOSITE INDEXAug 28, 2026

CCFI

1,836.94

+1.87%
E/C AMERICAAug 28, 2026

CCFI

2,300.64

+1.34%
EUROPEAug 28, 2026

CCFI

951.76

+1.65%
JAPANAug 28, 2026

CCFI

637.5

+6.39%
KOREAAug 28, 2026

CCFI

2,758.59

-4.34%
MEDITERRANEANAug 28, 2026

CCFI

3,407.62

+2.67%
PERSIAN GULF/RED SEAAug 28, 2026

CCFI

1,438.89

-1.00%
SOUTH AFRICAAug 28, 2026

CCFI

1,417.68

+4.34%
SOUTH AMERICAAug 28, 2026

CCFI

989.03

+1.70%
SOUTHEASTAug 28, 2026

CCFI

1,538.78

-0.18%
W/C AMERICAAug 28, 2026

CCFI

1,167.12

-0.43%
WEST EAST AFRICAAug 28, 2026

FBX

3,590

+0.54%
GlobalSep 2, 2026

FBX01

7,621

+1.73%
China/East Asia → North America West CoastSep 2, 2026

FBX02

347

0.00%
North America West Coast → China/East AsiaSep 2, 2026

FBX03

9,791

+2.25%
China/East Asia → North America East CoastSep 2, 2026

FBX04

491

0.00%
North America East Coast → China/East AsiaSep 2, 2026

FBX11

4,641

-1.23%
China/East Asia → North EuropeSep 2, 2026

FBX12

540

+3.29%
North Europe → China/East AsiaSep 2, 2026

FBX13

4,800

-3.54%
China/East Asia → MediterraneanSep 2, 2026

FBX14

314

-9.14%
Mediterranean → China/East AsiaSep 2, 2026

FBX21

417

0.00%
North America East Coast → EuropeSep 2, 2026

FBX22

2,574

+8.77%
Europe → North America East CoastSep 2, 2026

FBX24

1,101

0.00%
Europe → South America East CoastSep 2, 2026

FBX26

2,310

0.00%
Europe → South America West CoastSep 2, 2026

SCFI

3,509.53

+2.93%
Comprehensive IndexAug 28, 2026

Turkey Market Pulse

Turkey Export Lane Intelligence

Current freight direction, equipment capacity and blank sailing conditions across key Turkey export trades.

Trade LaneRate TrendCapacityBlank SailingMarket Note

Turkey → US East Coast

increasingTightConfirmed

Turkey → US West Coast

● StableNormalNone

Turkey → North Europe

● StableNormalNone

Turkey → North Africa

● StableNormalNone

Turkey → Middle East

increasingNormalNone

Market Signals

What We Are Watching

Spot vs contract divergence: SCFI up 2.2% while CCFI composite down 0.9%, indicating firmer near-term spot ex-Shanghai against easing contract averages.

Asia–Europe softness: FBX11 (-0.8%) and FBX13 (-2.1%) align with CCFI Europe (-2.6%) and Mediterranean (-3.1%) declines.

Red Sea/Middle East demand: CCFI Persian Gulf/Red Sea up 6.8%, signaling stronger export pricing to that region.

Transatlantic Westbound tightness: FBX Europe→USEC up 4.4%, while low Gibraltar readings suggest no congestion—pricing likely demand/carrier-driven.

Transpacific mixed: Asia→USWC down 1.3% while Asia→USEC up 0.1%; multiple carriers maintain PSS on TPEB supporting rate floors.

South America softness: CCFI South America down 6.1% contrasts with ongoing carrier PSS from Asia to Latin America—commercial quotes may remain elevated despite index decline.

7-Day Risk Watch

Risks to Monitor

Potential short-lived Suez convoy/ETA variability if today’s low transits persist alongside elevated Bab el-Mandeb counts.

North Asia corridor bunching: sustained Taiwan Strait surge may tighten feeder capacity and create minor berth pressure at Taiwan/Fujian/Japan ports.

PSS and surcharges to keep all-in costs elevated on Asia–Europe, Transpacific EB, Transatlantic WB, and Asia–Latin America despite mixed index trends.

EU inland disruption passthrough: Rhine Low Water Surcharge may raise final delivery costs/timelines for barge-dependent routings.

War Risk Surcharge on Middle East–Africa/Indian Ocean trades to impact margins and routing choices on affected lanes.

Routing Watch

Global Chokepoint Monitor

Live monitoring of strategically important maritime gateways using vessel activity and capacity signals.

Bab el-Mandeb Strait

VERY HIGH

Container Vessels

7

vs 7-Day Avg.

+36.10%

Updated Aug 23, 2026

Balabac Strait

NORMAL

Container Vessels

1

vs 7-Day Avg.

+16.70%

Updated Aug 23, 2026

Bering Strait

VERY LOW

Container Vessels

0

vs 7-Day Avg.

-100.00%

Updated Aug 23, 2026

Bohai Strait

NORMAL

Container Vessels

19

vs 7-Day Avg.

+3.90%

Updated Aug 23, 2026

Bosporus Strait

NORMAL

Container Vessels

7

vs 7-Day Avg.

-3.90%

Updated Aug 23, 2026

Cape of Good Hope

NORMAL

Container Vessels

16

vs 7-Day Avg.

-22.80%

Updated Aug 23, 2026

Dover Strait

NORMAL

Container Vessels

37

vs 7-Day Avg.

+9.70%

Updated Aug 23, 2026

Gibraltar Strait

LOW

Container Vessels

23

vs 7-Day Avg.

-18.30%

Updated Aug 23, 2026

Kerch Strait

VERY LOW

Container Vessels

0

vs 7-Day Avg.

-100.00%

Updated Aug 23, 2026

Korea Strait

NORMAL

Container Vessels

47

vs 7-Day Avg.

-10.40%

Updated Aug 23, 2026

Lombok Strait

VERY LOW

Container Vessels

0

vs 7-Day Avg.

-100.00%

Updated Aug 23, 2026

Luzon Strait

VERY LOW

Container Vessels

3

vs 7-Day Avg.

-63.20%

Updated Aug 23, 2026

Magellan Strait

VERY LOW

Container Vessels

0

vs 7-Day Avg.

-100.00%

Updated Aug 23, 2026

Makassar Strait

VERY HIGH

Container Vessels

3

vs 7-Day Avg.

+75.00%

Updated Aug 23, 2026

Malacca Strait

NORMAL

Container Vessels

62

vs 7-Day Avg.

+9.90%

Updated Aug 23, 2026

Mindoro Strait

VERY LOW

Container Vessels

0

vs 7-Day Avg.

-100.00%

Updated Aug 23, 2026

Mona Passage

VERY LOW

Container Vessels

2

vs 7-Day Avg.

-33.30%

Updated Aug 23, 2026

Ombai Strait

LOW

Container Vessels

1

vs 7-Day Avg.

-22.20%

Updated Aug 23, 2026

Oresund Strait

VERY LOW

Container Vessels

3

vs 7-Day Avg.

-43.20%

Updated Aug 23, 2026

Panama Canal

NORMAL

Container Vessels

9

vs 7-Day Avg.

+14.50%

Updated Aug 23, 2026

Strait of Hormuz

VERY LOW

Container Vessels

0

vs 7-Day Avg.

-100.00%

Updated Aug 23, 2026

Suez Canal

LOW

Container Vessels

6

vs 7-Day Avg.

-33.30%

Updated Aug 23, 2026

Sunda Strait

HIGH

Container Vessels

5

vs 7-Day Avg.

+52.20%

Updated Aug 23, 2026

Taiwan Strait

NORMAL

Container Vessels

94

vs 7-Day Avg.

+3.90%

Updated Aug 23, 2026

Torres Strait

NORMAL

Container Vessels

1

vs 7-Day Avg.

-30.00%

Updated Aug 23, 2026

Tsugaru Strait

VERY HIGH

Container Vessels

25

vs 7-Day Avg.

+71.60%

Updated Aug 23, 2026

Windward Passage

NORMAL

Container Vessels

8

vs 7-Day Avg.

-3.40%

Updated Aug 23, 2026

Yucatan Channel

VERY HIGH

Container Vessels

18

vs 7-Day Avg.

+70.30%

Updated Aug 23, 2026

Carrier Intelligence

Carrier Watch

Operational and commercial developments from major container carriers.

ONEHIGHSURCHARGE

ONE Adjusts Trans-Pacific Peak Season Surcharge from Sep 11

Ocean Network Express (ONE) will adjust its Peak Season Surcharge (PSS) on the Trans-Pacific trade effective September 11, 2026.

Market Impact

Upward pressure on Asia–North America rates as PSS increases take effect ahead of peak demand.

Aug 12, 2026Source
MaerskHIGHSURCHARGE

Maersk Increases Far East Asia–East Coast South America PSS from Aug 20

Maersk will increase the Peak Season Surcharge (PSS) on cargo from Far East Asia to East Coast South America effective August 20, 2026.

Market Impact

Higher shipping costs for Far East Asia–ECSA cargo; likely upward pressure on spot rates on this lane.

Aug 4, 2026Source
MaerskHIGHSURCHARGE

Maersk Revises North Europe–US Peak Season Surcharge Effective Aug 19

Maersk will revise its Peak Season Surcharge (PSS) on all containers from North Europe to the United States, effective August 19, 2026, until further notice.

Market Impact

Higher shipping costs on the North Europe–US trade and upward pressure on Transatlantic spot and contract rates.

Jul 20, 2026Source
MaerskHIGHPSS

PSS Update: ISC & Middle East to US East Coast - Maersk

Maersk revised its Peak Season Surcharge for Indian Subcontinent and Middle East cargo moving to the US and Canada East & Gulf Coasts.

Market Impact

Raises all-in rates on ISC/ME to USEC/USGC/Canada EC trades during peak season; likely uplifts quotations and spot levels.

Jul 3, 2026Source
MaerskHIGHSURCHARGE

Maersk Revises Far East Asia–Europe Peak Season Surcharge

Maersk has revised the Peak Season Surcharge on shipments from Far East Asia to North Europe and the Mediterranean, effective 22 July 2026.

Market Impact

Upward pressure on Asia–Europe spot rates and higher all-in costs for shippers during peak season.

Jul 14, 2026Source
Hapag-LloydHIGHSURCHARGE

Hapag-Lloyd Implements North Europe–US Peak Season Surcharge

Hapag-Lloyd announced a Peak Season Surcharge (PSS) on shipments from North Europe to the United States, effective August 6, 2026. The notice references a PSS update for containerized cargo.

Market Impact

Immediate increase in Transatlantic westbound shipping costs; upward pressure on North Europe–US spot and contract rates during peak season.

Hapag-LloydHIGHSURCHARGE

Hapag-Lloyd Implements PSS from North Europe to US and Mexico from 10 August 2026

Hapag-Lloyd announced a Peak Season Surcharge on shipments from North Europe to the United States and Mexico, commencing 10 August 2026.

Market Impact

Increases all-in costs on transatlantic and North Europe–Mexico lanes; supports elevated seasonal pricing.

Jul 9, 2026Source
MSCHIGHSURCHARGE

MSC Applies War Risk Surcharge from Middle East to Sub-Saharan Africa/Indian Ocean

MSC introduced a War Risk Surcharge effective March 5, 2026 (gate-in date) on trades from the Middle East to Sub-Saharan Africa and the Indian Ocean, at USD 2000, valid until further notice.

Market Impact

Significantly higher shipping costs on affected corridors; the surcharge is open-ended and may keep rates elevated while geopolitical risks persist.

Mar 4, 2026Source

U.S. Customs & Trade

Regulatory Intelligence

Actionable U.S. customs, tariff and trade compliance developments relevant to importers, exporters and logistics teams.

HIGHU.S. Customs and Border ProtectionMANIFEST

U.S. Customs and Border Protection publishes Final Rule to require Automated Commercial Environment (ACE) Electronic Export Manifest (EEM) for the Rail Mode of Transportation - Final Rule - 19 CFR Parts 103, 113, 123, and 192

CBP published a final rule requiring electronic export manifests (EEM) in ACE for rail cargo departing the United States to Mexico or Canada, with submission required prior to departure. The rule is effective October 26, 2026, and enforcement begins October 26, 2027.

Commercial Impact

Rail carriers and other eligible transmitters of rail export manifest data must submit EEM data in ACE before trains depart the U.S. Exporters and forwarders involved in rail shipments to Mexico or Canada may need to align processes and data flows with the new EEM requirements.

Action Required

Review the Rail EEM Final Rule and CBP implementation guides and prepare ACE EEM filing capabilities and procedures to meet pre-departure submission by 2027-10-26.

Published: Aug 28, 2026Effective: Oct 26, 2026Compliance: Oct 26, 2027Official Source
HIGHU.S. Customs and Border ProtectionMANIFEST

Termination of the “Flying Trucks” Process and Compliance with Truck Manifest Regulations

CBP is terminating the “Flying Trucks” process and will no longer allow air manifest data to be used for cargo arriving by truck, requiring manifests to match the actual mode per 19 CFR §123.92. A 90-day transition period is provided, with final termination effective November 24, 2026.

Commercial Impact

Express carriers and any stakeholders using the “Flying Trucks” process at land borders must shift to standard truck eManifest filings. Non-compliance may result in delays, penalties, or other enforcement actions.

Action Required

If you used “Flying Trucks,” cease using air manifests for truck arrivals and update systems/procedures to file compliant truck manifests by November 24, 2026.

Published: Aug 26, 2026Effective: Nov 24, 2026Compliance: Nov 24, 2026Official Source
HIGHU.S. Customs and Border ProtectionTRADE_REMEDY

GUIDANCE: Section 338 Additional Duties on Certain Goods of Canada

CBP provides filing guidance for Section 338 additional duties on certain Canadian-origin goods effective 12:01 a.m. ET on August 22, 2026, under HTSUS 9903.03.12–9903.03.16, with 50% additional ad valorem duties under 9903.03.12–.14 and 0% under .15–.16. The notice also covers Chapter 98 interactions, FTZ privileged foreign status, drawback eligibility, and the required HTSUS reporting sequence.

Commercial Impact

Importers of covered Canadian-origin products defined in U.S. note 51 must assess potential 50% additional duties and declare the appropriate 9903 codes; FTZ admissions must use privileged foreign status and drawback is available on the additional duties. Chapter 98 claims may avoid the additional duty except for specified 9802 provisions where the duty applies to the stated value components.

Action Required

From August 22, 2026, determine coverage under U.S. note 51 and file entries using the correct 9903.03.12–9903.03.16 codes per CBP sequencing, applying FTZ privileged foreign status where required.

Published: Aug 21, 2026Effective: Aug 22, 2026Official Source
HIGHU.S. Customs and Border ProtectionCUSTOMS_OPERATION

Updated Guidance #4: Implementation of Jones Act Waiver issued to the Department of War, dated March 17, 2026.

DHS approved a second 90-day extension of the March 17, 2026 Jones Act waiver beginning August 17, 2026; CBP requires any covered product to be loaded before 11:59 pm ET on November 15, 2026 and issued an updated list of potentially covered products. The waiver process is substantially changed to require a pre‑voyage “Vessel Availability Request” to DOW and MARAD, a MARAD market survey, DOW authorization, CBP notification including a PDF of CBP Form 1302, and a post‑voyage report to MARAD within 10 days.

Commercial Impact

Shippers, carriers, NVOCCs, and forwarders planning coastwise moves on foreign‑flag vessels under this waiver must follow the new pre‑voyage request/authorization process and meet the load‑by deadline. Authorized carriers must notify CBP with specified voyage and cargo details and file required post‑voyage reports with MARAD.

Action Required

Before any foreign‑flag coastwise voyage under this waiver, submit the required VESSEL AVAILABILITY REQUEST, await DOW/MARAD authorization, notify CBP if authorized, and ensure cargo is loaded by November 15, 2026.

Published: Aug 13, 2026Effective: Aug 17, 2026Compliance: Nov 15, 2026Official Source
HIGHU.S. Customs and Border ProtectionMANIFEST

CBP Announces Extension of Enhanced Air Cargo Advance Screening (ACAS) Full Enforcement Phase

CBP has extended the Enhanced ACAS Interim Final Rule phased enforcement period to May 1, 2027, delaying full enforcement. During the extension, CBP will continue outreach and monitoring while requiring continued timely ACAS submissions.

Commercial Impact

Air carriers and other eligible ACAS filers for U.S.-bound air cargo must keep submitting required data prior to loading and resolve data quality issues while preparing systems for full enforcement. Forwarders and air freight stakeholders involved in ACAS filings should coordinate with CBP to ensure readiness.

Action Required

Continue compliant ACAS filings, remediate data quality issues, validate systems to meet full enforcement specifications, and maintain coordination with CBP.

Published: Aug 10, 2026Effective: Aug 10, 2026Compliance: May 1, 2027Official Source
HIGHU.S. Customs and Border ProtectionTRADE_REMEDY

Harmonized System Update (HSU) 2619

CBP HSU 2619 implements a Section 232 duty reduction from 10% to 0% for HTS 9903.04.63 covering Pharmaceutical United Kingdom. It also updates FDA PGA HTS flags for specific HTS numbers (2103.20.4020, 2103.90.9091, 8419.40.0010, 8419.40.0090, 2941.90.5030).

Commercial Impact

Importers and brokers handling entries subject to HTS 9903.04.63 may see reduced duties, and those declaring the listed HTS codes must align to updated FDA flag requirements. These changes can affect entry summaries and PGA data submissions.

Action Required

Verify application of the HTS 9903.04.63 duty change and adjust FDA PGA filings per the updated flags for the listed HTS codes.

Published: Aug 4, 2026Effective: Aug 1, 2026Compliance: Aug 1, 2026Official Source

Key Developments

What Changed

Ningbo Ocean Shipping (unit of Ningbo-Zhoushan Port Group) entered vehicle transportation, joining container carriers diversifying into car-carrying.

SeaLead Shipping, near liquidation, has disposed of most assets, with ships and containers rapidly absorbed by rivals.

Asia–Europe spot rates fell for a fourth consecutive week; carriers curtailed some planned rate actions, while transpacific rates rose for both US coasts.

Europe’s inland transport is strained by low Rhine water levels, constrained rail capacity, and limited road alternatives, driving higher rates and longer journeys.

UK SMEs face mounting pressure from renewed Iran-related tensions, with rising transport, sourcing, and energy costs.

Recommended Actions

What Shippers Should Do

No additional actions published.

7-Day Outlook

What Comes Next

Near term (1–2 weeks): No broad capacity withdrawal indicated by PortWatch; expect broadly stable schedules with localized variability in the North Asia corridor. Asia–Europe spot likely steady-to-soft absent multi-day Suez underperformance. Transpacific supported by carrier PSS despite mixed WC/EC prints. Transatlantic westbound remains supported. Monitor Red Sea signals for persistence and Taiwan Strait intensity for feeder knock-ons.

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