Average freight rates in North Europe to US East Coast trade have increased by more than one third in the last few weeks to reach over USD 3,600 per teu as increased US imports, port congestion & lack of containers and available ships have created a situation where cargo demand far exceeds available capacity.
Carriers have transferred as much tonnage as possible to the two biggest East-West trades, which means that no ships are left now to deal with a surge in European exports to North America.
Transatlantic westbound rates are expected to continue their rise as MSC has announced a USD 1,000 rate increase through the implementation of USD 500 higher Peak Season & Equipment Imbalance Surcharges from 3 June.
Source : Alphaliner
