All-inclusive trans-Pacific container shipping rates to North America strengthened in the week ended December 3, as shortages of equipment and carrying capacity in North Asia worsened amid steady demand from cargo loaders, according to S&P Global Platts.

The commodity benchmark price provider said reports indicated that there is more opportunity to move cargoes on freight all kinds (FAK) rates from South China, while there may be premiums from central and North China depending on the loading date. And from anywhere else such as Korea, Thailand or Vietnam, the shipper will get more premium offers than FAK.

In Canada, demand from retailers restocking ahead of Lunar New Year has been exacerbated by the difficulty in returning empty containers to Asian export hubs, particularly from the West Coast of North America.

For the full report, visit https://www.portcalls.com/surcharges-for-asian-exports-still-widespread-amid-steady-demand-platts/