Transpacific ocean freight rates are not expected to decrease significantly, even with the recent Golden Week holiday in China. While such holidays often lead to a temporary stabilization or slight dip in shipping costs due to reduced manufacturing and export activity, current conditions are preventing this effect.
According to a report by Freightos, persistent weather-related disruptions are the primary factor keeping freight fees elevated. These disruptions can include storms, port closures, and other events that impact vessel schedules and port operations, leading to delays and increased operational costs.
For freight forwarders and shippers, this means that the anticipated relief in Transpacific rates following Golden Week is unlikely to materialize. Capacity might remain tighter than expected, and rates will likely hold firm or even see further increases if weather patterns continue to be unfavorable. Forwarders should advise clients to factor in sustained high shipping costs and potential delays when planning their supply chains for this trade lane.
