25 January 2022
Freight News

Asia-U.S. West Coast Spot Rates Spike Ahead of Chinese New Year

Container spot rates from Asia to the U.S. west coast spiked last week, ahead of the Chinese New Year holiday on February 1.

Drewry’s WCI U.S. west coast component put on 5%, to $11,197 per 40ft, while the Freightos Baltic Index (FBX), which includes an element of premium fees, gained 3.5%, to $15,139.

For the U.S. east coast, there were mixed messages from the spot indices, with the WCI up 2% on the week, to $13,987 per 40ft, in contrast to the FBX reading, which declined 2.5%, to $17,023.

In a customer advisory, Maersk said there could be enough labour available to keep production ticking over during the CNY holiday and thus would not be reducing services in the immediate post-CNY period.

Read more in an article from gCaptain.

More news

Demande de soumission

Faites-nous part des détails de votre demande d’évaluation de coûts.

Request a quote

Let us know the details of your cost estimate request.