News / Transpacific rates hit new heights – now three times higher than Asia-Europe

Transpacific container shippers are paying more than three times as much as their Asia-North Europe counterparts, as freight rates on the headhaul leg from Asia to the west coast North America hit unprecedented highs.

According to new analysis from Alphaliner, after the Shanghai-Los Angeles SCFI spot rate reached a record $3,758 per feu on Friday, North American shippers and forwarders are now paying carriers $0.64 per nautical mile.

In contrast, North European importers are paying $0.19 per nautical mile for a shipment ...