Increases and Delays in Sea Freight Prices
MTS Logistics
NOVEMBER 29, 2021
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 increase fuel surcharges.
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