Ocean container rates from Asia to North America experienced a slight increase, with rates to the U.S. West Coast rising by 10% to $2,465 per forty-foot equivalent unit and rates to the East Coast up 3% to $3,647. U.S. shippers have been frontloading goods due to ongoing tariff uncertainties, particularly following a recent hike in reciprocal tariffs on China. While some sourcing has shifted to other Asian countries, shipments from China face challenges, including canceled sailings and concerns about abandoned cargo due to high tariffs. These dynamics contribute to market uncertainty, especially during contract negotiations.

Source: https://www.supplychaindive.com/news/ocean-rates-freightos-xeneta-tariffs/745317/