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Hormuz In The Rearview As Asia-US Ocean Container Rates Soar Past $7,900
Hormuz In The Rearview As Asia-US Ocean Container Rates Soar Past $7,900
By Stuart Chirls of AmericanShipper
The container shipping market is being driven by geopolitics, rates, and network reshuffling, but freight-rate volatility and adjustments by carriers to protect schedules and pricing has supplanted Middle East disruptions as top-level concerns.
Asia-U.S. West Coast prices increased 8% to $6,175 per forty foot equivalent unit (FEU), according to Freightos, a data contributor to SONAR ocean market data.
Prices for Asia-U.S. East Coast transportation also rose 8%, to $7,998 per FEU.
SONAR‘s Ocean Supply/Demand Index reflects the...
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