#freight-rate-surge
(6 articles)Supertanker Shortage Drives Oil Shipping Costs Higher
A significant shortage of available supertanker capacity is driving crude oil and refined product shipping costs to elevated levels, with implications extending across global energy supply chains. Thi
Asia-US Container Rates Hit $11K, Near Pandemic Records
Container freight rates from Asia to the United States have surged dramatically, with Far East-to-U.S. East Coast prices reaching $11,259 per forty-foot equivalent unit (FEU) as of mid-September 2024.
Asia-US West Coast Rates Spike as Panama Canal Constraints Bite
Container shipping rates from Asia to the US West Coast are accelerating upward at a concerning pace, with Shanghai-Los Angeles spot rates climbing 9% week-over-week to $6,802 per 40ft container, acco
Ocean Freight Rates Spike 400% Despite Flat Demand—Here's Why
Ocean container freight rates have surged over 400% to $9,400 per TEU on the China-U.S. East Coast lane, but this spike is **not** driven by demand growth. In fact, cargo volumes from China to the U.S
Bangladesh Garment Exporters Face Severe Capacity Crunch Amid China Demand Spike
Bangladesh's garment export industry is experiencing acute capacity constraints as container shipping lines reallocate equipment toward high-yielding China cargo in advance of the Golden Week holiday
Carriers Boost Capacity on East Asia-Australia Route Amid Surge
Major container lines are responding to exceptional demand on the East Asia-Australia trade corridor by deploying additional capacity. The catalyst is a dramatic 30% surge in freight rates within a si