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|