Spot rates updates

• Far East to U.S. West Coast spot rates are up 22% over the past month, while Far East to U.S. East Coast are up 19%;
• Atlantic from North Europe to U.S. East Coast – which does not call at Asia transshipment hubs or Middle East ports – has surged 46% compared to one month ago.
• While Far East are down 6% to North Europe and 13% to [the] Mediterranean.

       Until there is greater assurance of safe and free passage for ships in the Strait of Hormuz, longer transit times, reduced schedule reliability, congestion at alternative hubs, and elevated surcharges – will continue to hold freight rates above pre-crisis levels.

Check Panacea intelligence on this market update