According to Drewry spot rates from
Shanghai to Los Angeles increased 7% or $330 to $4,829 per 40ft container, and
Shanghai to New York rose 6% or $371 to $6,445 per feu. By
contrast on the Asia – Europe trade Shanghai to Rotterdam rates were down 1% at
$4,774 per feu and rates from Shanghai – Genoa were flat at $5,420 per feu.
Looking ahead Drewry said it, “expects rates on the Transpacific trade
to rise in the coming week, driven by front-loading ahead of the looming ILA
port strike in January 2025 and the anticipated tariff hikes under the incoming
Trump Administration”.
It also coincides with a traditional
increase in activity in the weeks ahead of the Lunar New Year at the end of
January.