Southeast Asia container freight rates to USWC are overtaking China's, says Xeneta
It is now more expensive to import goods into the US West Coast (USWC) from Southeast Asia instead of China, according to ocean and air freight market intelligence company Xeneta.
“We are now seeing the shifting global trade patterns caused by the tariffs play out in ocean freight rates,” said Xeneta chief analyst Peter Sand.
The spread between spot freight rates from Southeast Asia and China into the USWC have widened significantly, data from Xeneta showed.
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