West Coast Shipping Rates Surge as Red Sea Fallout Goes Global


The Red Sea crisis coincides with drought restrictions in the Panama Canal. Asian cargo bound for East and Gulf Coast ports had previously been switched from Panama to the Suez Canal, and is now being rerouted on even longer voyages around the Cape of Good Hope. Shanghai-Los Angeles spot rates have spiked 30%. Read what’s happening here.


Author: Freightwaves