Container rates rising between Asia and US – expected to stay high in 2022

Rates on routes from eastern Asia and China to the US are currently on the rise and will stay elevated in 2022, where they are expected to be stable, says analyst firm ICIS.

Photo: Carlos Barria/Reuters/Ritzau Scanpix

Freight rates on cargoes sailing from eastern Asia and China to the US are increasing at the moment and will remain high in 2022, where they will expectedly be stable, writes analyst firm Independent Commodity Intelligence Services (ICIS).

Prices on having containers freighted from one continent to another have skyrocketed in 2021 due to the coronavirus pandemic, which has increased demand and created bottlenecks in supply chains.

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