- Shanghai-to-Los Angeles spot rate: $3,483 per FEU (previous) vs. $4,565 per FEU (current)
- Shanghai-to-New York spot rate: $4,604 per FEU (previous) vs. $5,505 per FEU (current)
- Quarterly bunker adjustment factor (BAF) increase: over 80% rise for contracted shippers on reset
- Blank sailings on the transpacific trade: six announced for the coming week
| Rate Type | Previous | Current | Change |
|---|---|---|---|
| Shanghai-to-Los Angeles | $3,483/FEU | $4,565/FEU | 31% |
| Shanghai-to-New York | $4,604/FEU | $5,505/FEU | 20% |
| BAF (contracted shippers) | - | over 80% rise | - |
What is Driving the Rate Increases?
The combination of official volume data and on-ground terminal telemetry indicates that carriers are managing capacity ahead of peak season, with additional GRI/PSS increases filed for mid-June and blank sailings announced to control supply. Vetted carrier feedback suggests that booking windows on major transpacific strings are tightening fastest on premium/guaranteed space products.
How Will the BAF Reset Impact Shippers?
The quarterly bunker adjustment factor (BAF) reset on July 1 will result in an over 80% rise in the BAF line for contracted shippers, further increasing costs. Industry trade reporting suggests that carriers will layer surcharges ahead of an early peak season, leading to higher rates for shippers.
What Shippers Should Do
To mitigate the impact of rising rates, shippers should consider the following:
- Book premium/guaranteed space products well in advance to secure capacity
- Audit appointment scheduling to minimize dwell times and reduce costs
- Explore alternative routing options or diversion to other ports to avoid congestion and high rates
- Monitor BAF resets and surcharge announcements to anticipate cost increases and plan accordingly
Will Rates Continue to Climb?
Industry analysts expect rates to climb further into July as carriers manage capacity and layer surcharges ahead of peak season. The combination of official data, on-ground telemetry, and vetted carrier feedback suggests that shippers should prepare for continued rate increases and plan their logistics strategies accordingly.