Ocean rates from Asia to Europe and the Mediterranean increased last week, with prices of US$5,300/FEU to Europe approaching levels in the lead-up to the last Lunar New Year (LNY) back in January.
Rates may already be increasing on pre-Lunar New Year demand as Asia-Europe/Mediterranean shippers need to ensure they move sufficient inventory out of Asia
before the holiday slowdown or risk extended waits due to diversions around the Cape of Good Hope for containers that move only after LNY.
Carriers...
https://container-news.com/asia-europe-ocean-rates-continue-to-climb-on-early-lny-rush/