The threat of a longshore strike at East and Gulf Coast ports has eased, bringing stability to trans-Pacific ocean container rates to the United States. Lunar New Year demand is temporarily driving up rates, with Asia-West Coast prices rising by 52% and East Coast rates by 30% compared to late December.
After the holiday, rates are expected to decline, with Asia-Europe prices potentially dropping to levels typical of low-demand periods in recent years, while trans-Pacific rates may remain elevated due to persistent tariff-related shipping strategies.
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