Trans-Pacific container rates eased in the most recent week as Chinese manufacturing and logistics activity wound down for the Lunar New Year holiday, which began Wednesday.
Asia-U.S. West Coast ocean rates fell 7% to $4,938 per forty-foot equivalent unit for the week ending Jan. 24, according to the Freightos Baltic Dry Index.
Asia-U.S. East Coast prices declined 1% to $6,656 per FEU.
Asia factories and associated logistics services close for the 15 days of Lunar New Year.
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