Reported about 18 hours ago
Container rates for trans-Pacific routes from Asia to the U.S. and Northern Europe have seen significant increases of 15% to 20%, attributed to advancements in regional trade negotiations. Despite lower seasonal demand, rates have remained elevated, with the Asia-U.S. West Coast rate reaching $2,027 per FEU. Optimism surrounding U.S.-China trade discussions has also contributed to these developments, although the volatile situation in the Red Sea region could impact future shipping routes.
Source: YAHOO