News / Evergreen chief says transpac contract rates will rise in 2025

Evergreen is to raise its transpacific contract rates for 2025, announced president Wu Kuang Hui on Friday, due to global supply chains being impacted by the impending dockers’ strike on the US east coast.

He said: “The possibility of a strike at these ports is very high. Shippers must prepare in advance. The strike will impact not only the US east coast, but also the global supply chain.”

He added: “Regarding the market outlook for 2025, ...