News / Spot rate surge to continue past Golden Week, with surcharges causing more pain

Yantian-port_from_above Credit Gigel.atat
Yantian Port. Credit Gigel.atat.
By

Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels, the largest east-west container trades have seen a week of double-digit spot freight rate increases.

After several weeks in which most of the focus was on ...

Daily News from £12 / mo  ·  includes Daily News
Subscriber Access

This is a Daily News Story

For uninterrupted access, sign in, subscribe or upgrade to The Daily News. For as little as £12 / month (£100/year), we can get you into the room where the big decisions are made.

Forgot?

Comment on this article

You must be logged in to post a comment.

  • Navin Yadav

    July 09, 2024 at 11:00 am

    The surge in spot rates, driven by new peak season surcharges and FAK levels, is causing significant pain for shippers, particularly on the Asia-North America trade routes. With double-digit increases reported on major routes like Shanghai-Los Angeles and Shanghai-New York, many forwarders are struggling to secure space, forcing importers to pay hefty premiums. This trend is expected to persist at least until Golden Week, with some predicting elevated rates could continue into the second quarter of next year.

    Thanks,
    Piyovi Shipping Software Solutions
    https://piyovi.com

Related Stories

Topics

Asia-Mediterranean Asia-North Europe Asia-US east coast Golden Week Rates: the eternal tango Transpacific Whither the peak season?