By the Numbers |
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An extensive, multi-channel, interactive freight shipping dashboard can be found at https:// www. joc. com / gateway / about |
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New orders keep MPV fleet capacity expansion steady Multipurpose and heavy-lift vessel deliveries and demolitions, with forecast
Number of vessels
196 |
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150
100
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100
50
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0 |
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-50 |
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2010 L |
2015 |
2020 |
2025 |
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2029 |
L |
On Gateway
The latest orders by multipurpose vessel( MPV) operators Nordic Hamburg Group and Fujian Highton Development of up to a dozen vessels reflect expectations of continued demand to move wind power components despite President Donald Trump making the US less hospitable to the industry. The MPV fleet is expanding steadily, albeit slowly, with an order book equivalent to just 8 % of the current operating fleet. Some 6 million dwt of new capacity is forecast over the next five years, 4.7 million dwt of which is expected to be heavy-lift capable.
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MPV delivered MPV demolished HL capable delivered HL capable demolished Net fleet loss / gain
Notes: Data as of October 2025 Shaded areas indicate forecasts
Source: S & P Global © 2026 S & P Global
Gateway is an online shipping dashboard of more than 140 continuously updated charts from S & P Global and identified external data sources organized by trade lane, mode and topic. https:// www. joc. com / gateway
DAT US truckload spot rates
Weekly spot truckload rates per mile excluding fuel surcharges. The DAT Freight and Analytics average US truckload spot rate was $ 2.01 per mile in the week of Jan. 10, 2026, down from $ 2.04 per mile in the previous week but up from $ 1.81 per mile in the same week last year.
$ 2. 10 $ 2. 00 $ 1. 9 0
U p 9. 2 % f rom Ja nu ary 2025
$ 1. 80 |
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$ 1. 70 |
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$ 1. 60 |
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$ 1. 50
08-F eb-25
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08-M ar-25 |
05-A p r-25 |
03-M ay-25 |
3 1-M ay-25 |
28-J u n-25 |
26-J u l-25 |
23-A u g-25 |
20-Sep-25 |
18-O ct-25 |
15-N ov-25 |
13-D ec-25 |
10-J an-26 |
Source: DAT Solutions © 2026 S & P Global
Xeneta Asia to US West Coast short and long-term rates
Xeneta aggregates freight rates for both short-term contracts valid for less than 32 days, and long-term contracts valid for 87 days or more. Terminal Handling Charges( THCs) are excluded. The Jan. 15, 2026, average spot rate from Asia to US West Coast was $ 2,008 per FEU, down 5.9 % from the previous week. Pricing in long-term contracts signed in the last three months slipped 0.2 % to $ 1,448 per FEU, while overall long-term contract rates were essentially flat at $ 1,536 per FEU.
Short-term rates Contract rates signed in last three months
Contract rates
USD per FEU
$ 10,000 $ 8,000 $ 6,000 $ 4,000 $ 2,000
$ 0
01 / 07 / 2021
01 / 15 / 2026
Xeneta’ s ocean freight spot and contract pricing benchmarks gather over 10 million rates monthly from large volume global shippers and forwarders. Before releasing any market information, a minimum of five daily rates per route, per equipment type is required.
50 Journal of Commerce | February 2, 2026 www. joc. com