Evergreen says US import demand keeps transpacific freight rates above Europe
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Evergreen general manager Wu Kuang Hui said the divergence between transpacific and Europe‑Asia container rates has become increasingly pronounced, with strong demand on US routes and weaker demand on Europe routes. Shanghai‑US east‑coast rates are $10,524 per 40‑ft container and west‑coast rates are $7,584 per 40‑ft container, while Shanghai‑Europe rates have fallen to $2,274 per TEU.
US imports from the Far East have grown about 5.1% and volumes to Europe have risen 12.2%. Evergreen currently operates 242 vessels with a capacity of 2.04 million TEU, giving it a 5.9% market share, and plans to expand the fleet to around 290 vessels (2.74 million TEU) by 2030.