In the current global logistics market, trans-Pacific container shipping rates are experiencing a downward trend, though they remain significantly higher than the same period last year. According to the latest analysis from Freightos, the Baltic Dry Index shows that freight rates from Asia to the U.S. West Coast dropped 8% week-over-week to $4,362 per 40-foot equivalent unit (FEU) as of February 21. Meanwhile, Asia-to-U.S. East Coast prices fell 11% to $5,698/FEU.
Post-Lunar New Year Market Correction
Freightos Research Director Judah Levine noted that the post-Chinese New Year market adjustment has driven a 30% decline in shipping rates since January . Despite this recent drop, container shipping costs on these routes remain approximately $1,000/FEU higher than year-ago levels.
Market Stabilization Expected Through 2025
Industry analysts observe that while current prices have retreated from their peaks, they continue to trade at elevated levels—reflecting both the gradual recovery of global supply chains and sustained demand growth. Market participants are advised to closely monitor transportation cost trends to optimize operational strategies.
Levine projects that contract rates may see further reductions through 2025 as the market achieves healthier equilibrium. The integration of new vessel deliveries and restored service reliability are expected to contribute to this stabilization process.