[FBX Weekly] As shippers avoid congestion, Asia-US West Coast rates fall, East Coast prices rise


Source: ajot.com ajot.com

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10:24 AM | Maritime News | Liner Shipping Key insights: A shift from the congested West Coast to the East Coast may be impacting freight rates: Asia-US West Coast ocean rates have fallen 13% from their February peak, while Asia-US East Coast rates have fallen only 5% from their high, and are still 16% higher than at the end of 2020. Strong demand on the transatlantic has pushed ocean rates up 20% since the end of January, and an indication of UK-US air cargo demand shows an increase of 30% on searches along this lane since the start of the...