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Long-term ocean freight rates see unprecedented rally: Xeneta

Long-term ocean freight rates see unprecedented rally: Xeneta

1 Jun 2022 2:00 PM IST

Rates are now up 150% year-on-year. Costs have increased 55% in 2022.

As many as 75 container ships were backed up across the West Coast ports of Los Angeles/Long Beach (Image Credit: Port of Los Angeles)

Pressure to continue across U.S. ports, shipping rates to remain high

16 Feb 2022 1:41 PM IST

There is a 60% increase in vessels on the Asia-North America East Coast trade lane in the coming months