Over the past days, container freight rates from Asia to the United States have continued to rise, with SCFI-based and market quotes indicating levels around USD 7,500–7,700 per FEU to the US West Coast and roughly USD 10,500–11,000 per FEU to the East Coast. Strong export demand, congestion in major Asian hubs and successfully implemented September general rate increases and seasonal surcharges by carriers are driving the latest uptick.
According to recent coverage in Asian business media, early September has seen a surge in export volumes from key East Asian ports, exacerbating congestion and pushing container freight rates higher. A major Korean industry-focused outlet reports that rates on Asia–US trades have risen sharply, particularly on services to the US West and East coasts, as carriers capitalize on tight capacity and schedule disruptions. Taiwanese financial newspapers and container shipping market analyses add that the latest Shanghai Containerized Freight Index (SCFI) published late last week showed renewed strength on US trades, while actual spot offers by liners and forwarders for shipments into mid‑September climbed to about USD 7,500–7,700 per FEU to the US West Coast and around USD 11,000 per FEU to the East Coast.
Source:
biz.chosun.comShare this article
Related news
HMM orders eight LNG dual-fuel container ships from South Korean yards
HMM has ordered eight 13,000-TEU LNG dual-fuel container ships in a contract worth about $1.4 billion. HD Hyundai yards will build the vessels, with deliveries scheduled sequentially through 2029.
Oil freight costs surge as Hormuz crisis tightens tanker availability
Global oil shipping costs have risen to about $20 per barrel, while Middle East routes have reached roughly $35 per barrel amid security risks and disrupted tanker flows.
HMM Orders Eight LNG Dual-Fuel Boxships from HD Hyundai for $1.42 Billion
South Korean carrier HMM has ordered eight 13,000-TEU LNG dual-fuel container ships from HD Hyundai. The vessels will be delivered in stages through 2029 under a contract worth about $1.42 billion.