Financial Ports

Asia-US container rates hit $9,600: Why shipping costs won’t crash

CLAVE 1 / 4Asia-East Coast spot rates hold at about $9,600 per FEU, unchanged from last week.

CLAVE 2 / 4Asia-West Coast rates climb 4% to more than $8,100 per FEU amid weather delays in Far East ports.

CLAVE 3 / 4Carriers blank sailings ahead of China’s Golden Week, but demand stays 325% above pre-Hormuz levels.

CLAVE 4 / 4Current rates trail 2021 pandemic peaks by 11-18%, yet pressure shippers as peak season extends into October.

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