It is expected that the port congestion in America is going to persist and freight rates will continue up.
The traditional shipping season is approaching, but the congestion in American ports has not yet eased. Now the port of Oakland has surpassed the ports of Los Angeles and Long Beach, becoming the center of congestion. It is expected that the port congestion in America is going to persist and freight rates will continue up.
According to the freight rate index of Drewry, a maritime analysis agency, the spot freight rate for a 40-foot container from Shanghai to Los Angeles has been between US$5,600 and US$5,700 this spring. But it soared to US$6,000/FEU in mid-April and reached 6358 US dollars/FEU this Wednesday.
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