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Long-term container freight rates Increased on all routes, but issues remain


Negotiations for long-term container contracts this year resulted in a significant increase in long-term freight rates for both imports and exports on all routes after renewal due to the tight supply-demand situation that has persisted since last year. On the other hand, congestion and capacity shortages in inland areas such as ports, railroads and warehouses are not expected to improve. There is also a serious increase in the load and cost of maintaining services in the field. The challenge is how to maintain and improve services as an important infrastructure that supports the supply chain.

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CCFI Summary week 6

Ocean freight rates increased via the West Coast of North America (+8.4%) and via the East Coast of North America (+5.8%). Decreases were seen in South Korea (-7.7% week-on-week) and Europe (-3.4%).

CCFI Summary week 1

Ocean freight rates increased in South Korea (+4.5% week-on-week), via the East Coast of North America (+4.0%), and Europe (+6.6%). Freight rates decreased via the West Coast of North America (-1.5%).

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