Shipping Container Freight Rate from Nhava Sheva, Mumbai to Los Angeles, USA Increased

Besides port congestion of 6 days at Los Angeles Port, the other matter of news is the increase in 20 ft. shipping container prices this month. Last month, GoComet data depicted the shipping container rates to be $10000 on 25 July 2022 which has now increased to $10278 as of 15 August 2022.

The data depicted the same rates starting 01 August and is likely to be consistent in the near future. Based on the latest sailing scheduling data by GoComet, 51% of the shipments fail to arrive on time on USLAX. There could be numerous reasons for the increase in container freight prices but we can only assume that the prices will likely go down soon.