Increases and Delays in Sea Freight Prices
Despite continued delays at the ports of Los Angeles and Long Beach, and congestion spreading to other ports, there are signs that Asia-U.S. ocean demand is at least slightly easing. Asia-U.S. West Coast rates are unchanged this week and are trading at 16% lower than their mid-September peak. But, rising oil prices mean carriers will […]
Will Ocean Freight Rates Continue to Rise?
SHC GROUP Freight rates have skyrocketed since lockdowns went into effect at the start of COVID-19 in March 2020. The increase has pushed retail prices to unexpected levels, affecting businesses that were facing mass shutdowns and store closures, and consumers who faced difficulty with income losses and higher prices. A series of reasons were behind […]