Topic
container rates
Logistics Container Rates Near $9,000 on Asia-US East Coast as Iran War Flares
Container rates on the Asia-US trans-Pacific trade lane surged to nearly $9,000 per FEU on the East Coast, up 8% week-over-week, as renewed hostilities between the US and Iran disrupt shipping and delay Maersk's planned return to the Suez Canal. General rate increases and peak season surcharges have added over $3,000 per FEU since late May. Congestion is building at major Asian ports including Shanghai, Ningbo, Yantian, Singapore, Busan, and Colombo.
Logistics Hormuz in the rearview as Asia-US ocean container rates soar past $7,900
Asia-US ocean container rates surged past $7,900 per FEU as peak season demand drives the trans-Pacific market. Rates to the East Coast hit $7,998/FEU, up 8%, and to the West Coast $6,175/FEU. The early peak season, geopolitical tensions in the Strait of Hormuz, and carrier capacity shifts are key factors, according to FreightWaves.