The Ocean Freight Rates Surged Sharply in the Last Week of May
(Last Week):
US West Coast: up 31.5% (year-to-date high)
North Europe: up 29.9%
Mediterranean: up 16.9%
US East Coast: up 23.6%, nearing historic highs
Drivers: Red Sea diversions, carrier rate hikes, and peak-season stockpiling.
Outlook: Rates are set to rise further in June, with tight space availability.
Action: Book shipments as early as possible. Do not delay further.
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