Container freight market shrugs off effect of Chinese holidays

Container freight rates out of Asia remain at historic highs despite the onset of Chinese New Year.

Rates from China to the US West Coast have held steady at $4,440 per 40-foot equivalent unit (feu), which is 194% higher than the same time last year.

Those on the all-important trade from China to north Europe rose by $494 on 11 February to $8,455 per feu, according to the Freightos Baltic Index (FBX).