Ocean rates show surprising early summer bounce
Spot rates published by Freightos to move 40-foot containers from China to the U.S. West Coast and from China to the U.S. East Coast are shown in white and red, respectively. (Chart: SONAR)
To the surprise of many, ocean spot rates are approaching, or have risen beyond, February peaks, which coincided with the start of the Red Sea attacks. This CNBC article outlined what’s changed in recent weeks to exacerbate the lingering impacts of the Red Sea...
https://www.freightwaves.com/news/ocean-rates-surge-to-year-to-date-highs