Asia to US East Coast ocean rates rise to new high

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Asia to US East Coast ocean rates rise to new high

AI Summary

Ocean freight rates from Asia to the US East Coast have risen to new highs driven by sustained import volumes and an early peak season demand surge. Freightos highlighted the unexpected strength of rates in this shipping lane.

Sustained import volumes and rising freight rates near the end of an early peak season are “taking most observers by surprise,” Freightos said.

Markets Shipping ocean freight rates Asia-US trade freight volumes peak season shipping costs

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