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Ocean Container Freight Costs Explode, Rivaling COVID-Era Crisis Highs
Summary by Zero Hedge
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.4 Articles
4 Articles
Transpac rates close in on Covid records as carriers pile in capacity
Container shipping spot rates from the Far East to the US are approaching their highest levels seen during the Covid-19 disruption, with carriers increasing capacity on the eastbound transpacific as they seek to capitalise on the surge. According to Xeneta chief analyst Peter Sand, spot rates from the Far East to the US west and east coasts have risen by 324% and 325%, respectively, since 28 February, before the Hormuz crisis. The ...
Sea freight rates have increased 201%, while diesel close to USD $6.50 per gallon pressure carriers and companies. The surge threatens to rekindle inflation, reduce margins and extend its effects to the 2027 recruitment cycle.
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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