The latest Freightos Baltic Index (FBX) shows, on the trans-Pacific freight, ratesfrom Asia to the West bound surged by $1,186 to $13,698 /FEU, 

includinginsurance premium. As for US-EC, theprice fluctuation is gentled descending $51 to $15,931 /FEU.

Lockdown in Shanghai is expected to endin June and the restrictions will be gradually lifted. 

Once Shanghai fullyreopens and manufacturing engines start to heat up, US and European containerscould surge.

In addition, US import demand remained strong inApril despite inflationary pressures and COVID-19 constraints. 

If trade remainsstrong, port congestion in the US and Europe could worsen significantly,creating further delays and costs for already beleaguered shippers.

However, as increase limitation, manyliner and freight agents said It will take time for the whole supply chain toget back up and running, 

only high cargo volume can drive high freight rates.