News / Transatlantic shippers get a taste of the Pacific as container rates rocket

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Shippers using the North Atlantic tradelanes are getting a taste of what their counterparts on the transpacific have been dealing with for some time.

Westbound pricing is rising sharply in response to a combination of robust demand and equipment shortages.

According to rate benchmarking platform Xeneta, spot rates for westbound containers last week were almost double that charged at the end of March. Meanwhile, container rates in Europe climbed 57% in the first four months of the year, largely helped by a ...