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After a sharp increase, spot rates from the Far East to the US are declining, following the earlier pattern seen in Europe.
After spiraling at the peak of the Red Sea crisis, the rates from the Far East to the U.S. are starting to soften, a trend seen in Europe two weeks prior.
East vs. West Coast Spot Rates: From Feb 1 to 15, East Coast rates took a tiny step back from $6260 to $6100 per FEU. West Coast? A slight nudge down from $4730 to $4680.
Market Dynamics:
Looking Forward
So, What's Next?
While we're seeing a bit of a cool-off, rates are still way higher than last year, and with contract talks coming up, things could get interesting.
Source: Xeneta
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