With production in China slowed during Golden Week and by power restrictions, and delays making it unlikely that shipments will make it in time for the holidays, transpacific ocean rates stayed level this week.
Rising oil prices could mean that carriers will increase fuel surcharges at the end of the month.
The congestion and the sky-high value of an empty container back in Asia may also be responsible for pushing North America-Asia export rates up more than 10% this week.
The delays at LA/LB have sent many importers looking for other options. That shift in volumes is now causing congestion at alternative ports like Seattle, Vancouver, NY/NJ and Savannah.
The non-stop disruptions to the supply chain are impacting many of the biggest importers and smaller shippers.