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Ocean Freight Rates on Asia-U.S. Trades Close to Record Levels
According to Xeneta’s container shipping market update released on September 18, container spot rates from the Far East to the U.S. West Coast and U.S. East Coast have increased 324% and 325% respectively since the end of February. Xeneta Chief Analyst Peter Sand noted that rates are now just 18% and 11% below the record