The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to be some relief on the horizon for shippers.
The latest data released by Xeneta indicates a peak may have been reached after spot rates from the Far East into the US declined slightly since the last round of General Rate Increases (GRIs) were implemented at the start of February.
Into the US East Coast, rates have fallen slightly from USD$6260 per FEU (40ft container) on 1...