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- FREIGHT RATES AND TRANSPORT COSTS - UNCTAD
East to North America trade grew by 31 per cent, and the Far East to Europe trade by 20 per cent 5 Adding more ships further increased congestion since ports and storage, along with the hinterland connections, trucks, and trains, could not readily adapt to increases in traffic
- Shipping Routes Shift as Tariffs Reshape Global Trade Patterns
Capacity Adjustments: Carriers are selectively canceling up to 10% of sailings, reducing availability to match demand and maintain spot rate pricing power Alternative Routing: There’s increased emphasis on the U S Gulf and East Coasts, with some rerouting services away from congested or higher-cost West Coast ports
- New world order: Ocean rates up 88% as shippers pounce on lower tariffs
Mid-high average spot rates paid by shippers in the 75th percentile of the market for transit from the Far East to the U S East Coast have surged by an astonishing 88% since May 3, according to analyst Xeneta, now standing at $6,100 per forty-foot equivalent unit
- ANALYSIS OF THE EAST-WEST TRADE ROUTE CONTAINER MARKET DYNAMICS
UNCTAD (2016) highlighted the share percentage of the world trade which indicated that the East-West trade route accounted for 42% of global containerized volume, followed by Intraregional trades and North-South trades, which accounted for 40% and 18%, respectively
- East-West Trade braces for uptick in Freight Costs in 2024 Amidst . . .
An additional 40% longer route, causing heavy upward pressure in the operating costs is expected to persist as the shipping time extends anywhere between one to four weeks due to the longer route
- Trade Lane Disruptions: Which Routes Are Most Volatile?
East-West trade lanes—linking Asia with Europe and North America—are the powerhouses of global container shipping They account for over 80 million TEUs (twenty-foot equivalent units) every year That’s over half of the global container movement focused on just a few routes
- Drewry: Box Shipping Rates Fall as East-West Price War Rages On
As the price war between container shipping companies persists, contract rates in the major East-West trade routes are expected to see at least a 30 percent decrease for new contracts starting from the second quarter, shipping consultancy Drewry said
- A new trade paradigm: How shifts in trade corridors could affect . . .
In our previous research, 1 “Geopolitics and the geometry of global trade,” McKinsey Global Institute, January 17, 2024 we developed an analytical measure of geopolitical position, using votes in the UN General Assembly between 2005 and 2022 as a proxy for alignment on global issues We used principal component analysis to map each voting country on a one-dimensional voting spectrum
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