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Chinese Lunar New Year Demand Drives Ocean Spot Rate Surge at Start of 2026
Oceanfreight container spot rates on Trans-Pacific services have registered significant increases, according to Freightos Head of Research, Judah Levine. Pre-Lunar New Year demand and general rate increases by carriers have pushed prices on the Asia–U.S. West Coast 30% higher than mid-December, while East Coast routes have risen by 20%. The expectation is that the pre-Lunar