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Asia-US east coast rates ramp up amid Suez blockage

Rates on Evergreen’s online booking platform have shot up to over $13,000 per box for one of its vessels leaving Yantian on April 21 and destined for New York via the Panama Canal, more than double the current price level

‘The price movement indicates a carrier’s expectation on the demand-and-supply picture for that time period. Of course, now the impact of the Suez Canal must also have been factored in,’ said a Shenzhen-based freight forwarder

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