While the traditional slack shipping run-up to Lunar New Year has weakened container freight rates for services from Asia to both U.S. coasts, a slew of factors is weighing on longer-term prices.
Asia-U.S. West Coast rates fell 10% to $5,321 per forty-foot equivalent unit in the week ending Jan. 17, according to the Freightos Baltic Index.
Asia-U.S. East Coast prices slipped 3% to $6,715 per FEU.
“For the time being ex-Asia rates are easing as the lead up to Lunar New Year has ended,” wrote Judah...
https://www.freightwaves.com/news/asia-us-container-rates-decline-in-slack-season