Transpacific spot rates hit new highs as FBX Asia-US East Coast reaches $9,422/FEU

Summary

Freightos Baltic data for 18 August put Asia-US West Coast at $7,422/FEU, up 9% week on week, and Asia-US East Coast at a record $9,422/FEU, up 3%. Asia-North Europe slipped 1% to $5,034/FEU and Asia-Mediterranean fell 4% to $5,824/FEU. China-North America air rates jumped 17% above $7.00/kg. Bunker is up 15% since the ceasefire collapse, with canal surcharges of $200-$1,000/FEU due mid-September.