The ocean container shipping market has been radically altered in 2024. Spot rates on major trades out of the Far East have increased by more than 300% between December 2023 and June 2024.
The current average spot rate of $7,648 from the Far East to US West Coast is an increase of 366% since 14 December last year, before the escalation of conflict in the Red Sea. The average spot rate …
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