Spot freight rates out of Asia saw steep and seemingly unfettered increases crashing through the US$4,000/FEU mark on the Pacific and skyrocketing to more than US$5,600/FEU to North Europe.
Regulators’ attempts, in both Asia and the US, to maintain rates below the US$4,000/FEU mark on the Pacific have seemingly failed while the EU has not made any attempts to curb the costs of transportation.
In South Korea the Ministry of Oceans and Fisheries has made attempts to encourage local vessel operators...
https://container-news.com/rates-soar-again-as-equipment-shortages-take-hold/