Freigthos

Ocean container rates out of Asia continued to fall last week, slipping beneath 2024 lows on a combination of a post-Lunar New Year lull in demand, impacts from the new carrier alliance services still moving into place, and capacity growth.

Asia-Europe prices dipped 11% to US$2,740/FEU, 14% lower than their 2024 floor, and Asia – Mediterranean rates eased 9% to less than US$3,800/FEU, 10% lower than the nadir on this lane last year.

The post-LNY demand slump may be more pronounced than usual on...

https://container-news.com/container-rate-slide-may-point-to-start-of-overcapacity/

Ocean rates out of Asia overall trended up slightly to end the year, but with the Lunar New Year (LNY) approaching and a range of January GRIs announced for the transpacific, container prices on these lanes could face upward pressure to start 2025.

A seasonal decrease in demand starting later in February should see rates ease on the ex-Asia lanes, though Red Sea diversions will keep them elevated well above long-term averages just as they were through 2024.

Pre-Lunar New Year demand will combine...

https://container-news.com/mexico-increases-trade-barriers-for-chinese-imports/

Late November is typically a slow season for transpacific ocean freight. But through last week transpacific ocean rates remained level and elevated at more than US$5,000/FEU since mid-October, with prices to the East Coast climbing past the US$6,000/FEU so far this week.

This rate strength probably reflects some frontloading ahead of both a possible renewed ILA strike at East Coast and Gulf ports after January 15th and anticipation of Trump administration tariff increases next year.

President-elec...

https://container-news.com/trump-tariffs-impact-analysis-by-freightos/