AJOT Newsroom
| March 10, 2021
| Maritime | Liner Shipping
Key insights:
1. Ocean rates ex-Asia have levelled off for the most part, with Asia-US East Coast falling 6%, US West Coast increasing 6%, and Asia-Europe
2. Strong demand and ocean carriers moving capacity to more lucrative lanes has pushed transatlantic rates up 20% since the end of January to $2,198/FEU after staying mostly on par year on year since the start of the pandemic.
3. Freightos.com search data shows port congestion at LA/Long Beach is leading shippers to look for alternative destinations, mostly on the East coast.
