News / Transpacific rates poised to rise as liner networks come under pressure

Photo: Suez Canal Authority

Transpacific container rates could spike to highs not seen since early 2022, if the Red Sea crisis continues to disrupt liner networks.

Asia-Europe ocean carriers have already announced new FAK (freight all kinds) rates of $6,000 per 40ft or more ahead of Chinese New Year on 11 February, and the rate contagion looks likely to spread to other tradelanes in the coming weeks.

Indeed, Jon Monroe of US-based Jon Monroe Consulting, believes we could be heading ...