SPIKING freight rates, seaport congestion and empty container shortages – issues that wreaked havoc during the Covid scare – are back as we enter the peak season, Reuters reports. Spot rates to send an FEU from China to North Europe was US$4,615, almost 3.5 times higher than on May 1, but below the all-time high of $14,407 on January 2022, said Peter Sand, chief analyst at pricing platform Xeneta. That rate excludes $10,000 ‘diamond tier’ rates for priority shipments. The China to US east coast...
https://www.seanews.com.tr/red-sea-diversions-tariffs-sends-ocean-rates-soaring/200510/