Spot rate gap widens amid US labour fears

Spot rates graph showing USWC-EC differential from Asia is at its widest in almost two years

Source: S&P Global

Spot rates for shipping from Asia to the US East Coast have surged to their highest differential compared to West Coast rates in nearly two years, reflecting growing concerns over potential labour strikes and a significant shift in import volumes

As of 12 August, the spot rate to the East Coast stood at US$9,000 per feu, while the West Coast rate was US$6,000 per feu, according to S&P Global Platts.

This US$3,000 gap is the widest seen since late 2022.

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