Weekly highlights
With ocean carriers removing capacity, ocean rates out of Asia may have stopped their slide, though Asia – US West Coast prices are 15% lower than before the Shanghai lockdown, and Asia – Europe rates have declined 21% since early March.
Authorities in Shanghai announced that the reopening will start soon with an aim of a full rebound by late June. Though some observers expect surging exports, container rates and congestion levels as a result, others think that ocean logistics will be able to absorb a gradual reopening without extreme detrimental impacts.
Asia-US rates for this week
- Asia-US West Coast prices (FBX01 Daily) increased 14% to $13,935/FEU. This rate is 97% higher than the same time last year.
- Asia-US East Coast prices (FBX03 Daily) were unchanged at $15,963/FEU, and are 113% than rates for this week last year.
Check in next week for more real-time freight market updates to help you ship smoother.
More rates from Freightos.com
| Containerized Freight Rates from the Freightos Baltic Index | |||||
| FBX Lane | Global | Asia – US West Coast | Asia –US East Coast | Asia – North Europe | North Europe – US East Coast |
| This Week | $8,520 | $13,935 | $15,963 | $10,583 | $8,395 |
| Last Week | 4% | 14% | 0% | 0% | 0% |
| Last Year* | 69% | 97% | 113 | 18% | 96% |
