Trans-Pacific, East Coast ocean rates strong in late November

Capt. John

Political and labor tensions kept late November container rates to the U.S. strong in what is usually a slow period following the peak shipping season. 

Average Asia-U.S. rates remained level and elevated at more than $5,000 per forty-foot equivalent unit since October, analyst Freightos said in its update for the week ending Nov. 22, with daily rates to the U.S. East Coast climbing past $6,000 since then. 

“This rate strength probably reflects some frontloading ahead of both a possible renewed...

https://www.freightwaves.com/news/trans-pacific-east-coast-ocean-rates-strong-in-late-november

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