AJOT | December 01, 2020 | Maritime | Liner Shipping
Key insights:
1 The continued surge in Asia-US ocean freight is still causing congestion and delays for holiday shipments, making available shipping equipment scarce across the globe.
2 Carriers’ preference for empty containers over US exports may have contributed to the US West Coast - China rates’ 28% backhaul spike this week to $501/FEU.
3 And while Asia-US rates still appear to be held in check by pressure from Chinese regulators, the container shortage pushed Asia-North Europe rates up 29% this week to to an incredible $3,470/FEU, marking a 64% increase over the past month, and a level 137% higher than this week last year.
