News / Asia-Europe spot rates head for $20,000 per feu as new China Covid crisis bites

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Ocean carriers are rolling out more rate increases next week, with FAK rates from Asia to North Europe edging towards $20,000 per 40ft.

This represents an incredible 1,000% increase on the spot rate for the trade a year ago.

Meanwhile, transpacific carriers are hitting Asia to US shippers on 15 June, with GRIs of up to $3,000 per 40ft, with some carriers now asking $17,000 per 40ft for US east coast ports.

And transatlantic shippers are also feeling the pain of rate hike ...