Asia - US Container Rates Rally
The uncertainty that has marked global ocean shipping so far this year struck again this past week –but that may signal a turn for the better for ocean carriers.
Container rates on the eastbound trans-Pacific posted increases, halting steady declines that have challenged lows from 2023.
Rates from Asia to U.S. West Coast ports increased 18% to $1,687 per forty foot equivalent unit, according to the new Freightos Baltic Index, while prices to the East Coast prices increased 2% to $3,071 per FEU...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.