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Transpacific Shipping Rates Plummet Ahead of Chinese New Year Shutdown

KVIA•Saturday, January 31, 2026 at 9:19 AM•Stacker

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AI Summary

As the Lunar New Year approaches, the transpacific shipping market is experiencing a significant decline in rates, with spot prices dropping to levels not seen since late last year. Rates for containers from China to the West Coast have fallen to between $1,600 and $1,650, while East Coast rates hover around $2,400. This decline is attributed to a lack of shipping volume and cautious importers reacting to geopolitical uncertainties. Looking ahead, the market is expected to slow down considerably as factories in China prepare for a month-long closure. Shippers should anticipate a quiet February, with potential rate adjustments depending on U.S. consumer demand and tariff clarifications.

Key Details: • Current rates from China to the West Coast are between $1,600-$1,650 per container. • East Coast rates are approximately $2,400 per container. • Expect a complete standstill in shipping by the end of next week due to factory closures. • Air freight rates have increased significantly, with West Coast rates now at $3.40-$5.18 per kilogram. • Prepare for a dormant shipping period throughout February.

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