Maritime rates back on the rise

Chart of the Week: FreightosBaltic Daily Index – China to North America West and East Coasts SONAR : FBXD. CNAW, FBXD. CNAE Spot rates for shipping forty-foot containers from China to North America’s East (CNAE) and West (CNAW) Coasts have started to climb once again after declining through most of July. The East Coast lane, which is most directly influenced by the ongoing conflict with Iran, has increased roughly $413 since the end of July, while freight to the West Coast is up $1,328, according to Freightos, as of August 13. Looking at the data, the rate volatility appears to be more supply side narrative-driven than a product of demand fluctuations.