COSCO
SITC
PACIFIC LINES
Thursday, 26/12/2024, 08:09 (GMT +7)
428
Early Tet demand continues to put pressure on container rates on Asia-US trade
Early Tet demand and US tariff hikes are adding to the pressure on ocean and air freight rates, with the outlook for further volatility into early 2025.
Photo: MAGNIFIER / Shutterstock
Trans-Pacific rates edged up slightly last week, and are now around 15% higher than early December, following successful General Rate Increases (GRIs) in mid-month.
Pressure from early Tet and US tariff policy
Rate increases and reports of full vessels so early in the Lunar New Year may reflect a trend of shippers pushing ahead with shipments ahead of President-elect Trump’s tariff hikes next year. This week, Trump suggested the US should reclaim the Panama Canal to counter China’s growing influence there.
Carriers expect that demand ahead of the Lunar New Year in January will support new rate hikes, with increases expected to range from $1,000 to $3,000 per FEU. Despite strong volumes and some signs of pressure on rail, operations at US ports remain smooth, with terminal operators reporting readiness for any upcoming volume increases.
Rate Changes on Other Trades
Transatlantic rates, which have been stable since mid-October, could rise in January as several carriers have announced mid-month disruption surcharges in anticipation of the ILA dockworkers strike. Some have suggested that the alliance restructuring in February could cause disruption. MSC has announced a $2,000 per FEU disruption surcharge effective January 18 for containers shipped on the transatlantic trade.
Asia-Europe and Mediterranean container rates have fallen 3%-7% from their peaks during the early December GRIs, although there has been no significant increase in mid-month rates. However, recent bad weather has caused some moderate congestion at European hubs.
On all of these routes, the need to divert via the Red Sea remains the biggest driver, with rates remaining double their year-on-year levels. While no military intervention has restored safety for vessels transiting the region, both Israel and the US have stepped up direct strikes on Houthi positions in recent days.
Airfreight: Demand is high but rates are starting to cool
Freightos Air Index data shows that airfreight rates on the trans-Pacific and trans-Atlantic routes have started to fall from their highs earlier in the month as the peak season comes to an end. However, prices from China to Europe remained high at nearly $5/kg last week.
Some observers predict that early push ahead of US tariff hikes will continue to keep demand and air freight rates high into the new year. In addition, significant tariffs on Chinese goods could contribute to a surge in global air freight volumes, as intra-Asia shipments of components from China are likely to surge.
See more:
- DSV forecasts flat air freight demand and capacity in 2025
- Shanghai Sea-Rail Container Transport Hits 900,000 TEUs
- Fitch Upgrades Global Container Shipping Outlook
- Growing demand could drive up air freight costs for shippers by 2025
- Maersk: Lunar New Year, labor disputes and port congestion to challenge European shipping market in 2025
- Korean Air Completes Asiana Airlines Acquisition After Delays
- IATA: Air cargo volumes forecast to grow 5.8% in 2025
- Air Cargo Takes ‘Wait-and-See’ Approach to US Tariffs and Positive Demand Outlook for 2025
- Global Shipping Market Faces Growing Challenges
- Structure and market share of shipping alliances change in 2025
- ZIM Updates Trans-Pacific Network
- Asia-Europe Rates Rise with December GRIs
Source: Phaata.com (via Freightos)
Phaata.com - Vietnam's First International Logistics Marketplace
► Find Better Freight Rates & Logistics Services!
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
_(2).webp)
HOT PROMO
See more
2934
Other
Expiry date
CÔNG TY TNHH DỊCH VỤ LOGISTICS BẢO VẬN
2.6
1877
FCL
23 Days
Freight cost
Expiry date
NP LOGISTICS CO.,LTD
2.5
29
Other
Expiry date
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
Verified
1.3
82
FCL
25 Days
Freight cost
Expiry date
 Nền Trắng.webp)
CÔNG TY CỔ PHẦN THT CARGO LOGISTICS
0.2
74
FCL
25 Days
Freight cost
Expiry date
CÔNG TY CỔ PHẦN THT CARGO LOGISTICS
0.2
WHY PHAATA.COM?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find price quickly
and
Send quote request
Compare Quotes
and
Selection
Contact for Further Consultation
and
Send request booking
Get feedback
and
Direct Negotiation
Management
and
Evaluate
Freight rates
Sea freight
7
Days Transit
- $300 / 20'GP
Valid till: 2026-01-31
CÔNG TY TNHH SHIP LINK VIỆT NAM
0.4
20
Days Transit
- $815 / 20'GP
- $1,010 / 40'GP
Valid till: 2026-02-27
Chi nhánh tại Khu vực Bắc Bộ - Công ty TNHH Giao nhận vận chuyển Quốc tế Trường Hải
3
25
Days Direct
- $1,390 / 20'GP
- $1,760 / 40'GP
- $1,760 / 40'HQ
Valid till: 2026-01-31
SOV（越南海光）
0.1
45
Days Transit
- $3,400 / 40'HQ
Valid till: 2026-02-14
Công ty T&T Global Agency
1.8
16
Days Transit
- $180 / 20'GP
- $520 / 40'GP
- $520 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
3
Days Direct
- $0 /cbm
Valid till: 2026-01-31
WR1 MASTER CONSOL
Verified
2.1
8
Days Direct
- $0 /cbm
Valid till: 2026-02-01
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
0.1
19
Days Direct
-
Refund
$75 /cbm
Valid till: 2026-01-31
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
2.6
30
Days Direct
- $40 /cbm
Valid till: 2025-12-31
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
30
Days Transit
- $50 /cbm
Valid till: 2025-12-31
KHAI MINH GROUPS CO., LTD – Ho Chi Minh Branch
2.6
Air freight
1
Days Direct
- 1.9 $/kg
Valid till: 2026-01-31
CÔNG TY TNHH EVERGLORY LOGISTICS VIỆT NAM
2.6
7
Days Transit
- 5.3 $/kg
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN DỊCH VỤ VÀ HẠ TẦNG Ô TÔ THÀNH CÔNG
2.1
4
Days Direct
- 8.05 $/kg
Valid till: 2026-01-17
AN BÌNH EXPRESS
2.6
4
Days Transit
- 3.7 $/kg
Valid till: 2026-01-31
MAXTENA SHIPPING&FORWARDING AGENT CO., LTD
2.7
1
Days Direct
- 2.5 $/kg
Valid till: 2026-01-10
TTL Cargo Max
2.6
Rail freight
20
Days Direct
- $7,300 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
Verified
3.8
3
Days Direct
- $450 / 20'GP
- $600 / 40'GP
- $600 / 40'HQ
Valid till: 2025-09-30
SilverSea Co.,Ltd
2.5
26
Days Transit
- $6,710 / 40'GP
- $6,710 / 40'HQ
Valid till: 2024-12-31
WORLDLINK LOGISTICS VIET NAM COMPANY LIMITED
1.8
10
Days Direct
- $1,000 / 20'GP
- $1,000 / 40'GP
- $1,000 / 40'HQ
- $1,000 / 45'HQ
Valid till: 2024-12-31
VIPUTRANS
1.8
3
Days Direct
- $706.5 / 40'HQ
Valid till: 2024-10-31
CÔNG TY CP PROSHIP
1.8
Road freight
6
Hour
- $136.44 / 20'GP
- $155.39 / 40'GP
- $155.39 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
1
Day
- $155.39 / 40'GP
Valid till: 2026-02-18
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
9
Hour
- $570 / 20'RF
Valid till: 2025-11-30
Headway Joint Stock Compnay
3.5
2
Day
- $2,263.3 / 20'GP
- $3,017.73 / 40'GP
- $3,017.73 / 40'HQ
- $3,017.73 / 45'HQ
Valid till: 2026-10-31
CÔNG TY CỔ PHẦN MORNING LOGISTICS
2
1
Day
- $169.75 / 40'HQ
Valid till: 2025-09-30
CÔNG TY TNHH LOGISTICS FV
2.5
Request For Quotes
Help you send and receive quotes from Forwarders on the market quickly and efficiently.
See more
