Asia-US container rates plunge on Lunar New Year holiday lull

HOUSTON (ICIS)–Rates for shipping containers from east Asia and China to the US plunged this week, as did global average rates amid the typical slowdown around the Lunar New Year (LNY) holiday.

Meanwhile, shipowners are out with surcharges on various trade lanes, which could support rates at current levels even with the slowdown in volumes.

 

 

Published by: www.icis.com

Adam Yanelli

24-Jan-2025