Asia-US container rates mixed, remain pressured by congested Asian ports, persistent demand
Rates for shipping containers from east Asia and China to the US were mixed this week but continue to face upward pressure amid congested Asia ports and persistent demand, evidenced by rate increases set for 1 October. Global container shipping major CMA CGM will implement a peak season surcharge (PSS) of $4,000/FEU (40-foot equivalent unit) ...
Asian US container rates remained mixed this week, still facing upward pressure due to congested ports in Asia and persistent demand, with rate increases slated for October 1st. The global container shipping firm CMA CGM will impose a peak season surcharge of $4,000/FEU (40-foot equivalent unit) on cargo from Asia Pacific and India to both US coasts, effective October 1st.
Container rates on the transpacific route are at their highest since mid-2022, with prices for containers to the West Coast ranging between $6,585/FEU and $7,750/FEU, and between $8,750/FEU and $11,000/FEU to the East Coast. Drewry, a container rate consultant, reported a 2% week-over-week increase in rates from Shanghai to Los Angeles and a 1% increase from Shanghai to New York.
Freightos reported a 1% decrease in rates to the West Coast and a 3% decrease to the East Coast. Higher fuel costs, rising Chinese crude imports, and tighter capacity led by eight blank sailings announced for next week, are pushing up container rates. However, rates are still largely driven by demand trends and capacity availability disruptions.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
