Ocean Rates: New Year Promises a Good ‘Blanking’ for US East Coast

Ocean container rates got a pre-holiday bump in the latest week’s data as inbound Asia traffic continues to run stronger to the East Coast while carriers look ahead to the New Year for improvement on the West Coast.

Asia-West Coast spot rates for the week ending Dec. 14 climbed $366, or 21.3%, to $2,086 per twenty foot equivalent unit on capacity that was broadly steady, up less than 1% to 301,668 TEUs, according to analysts Xeneta and eeSea. That put rates narrowly higher from November, up $45 or 2.2% as capacity fell by 7% or 22,734 TEUs. Rates were only ahead $100, or 5%, as capacity fell by 0.4% from December 2024...

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