# December 30, 2024 Update | Freightos

> Freightos Baltic Index weekly ocean rates rose 8% to $4,825/FEU on Asia-US West Coast and 3% to $6,116/FEU on Asia-US East Coast. Asia-North Europe rose 4% to $5,155/FEU, while Asia-Mediterranean fell 4%. Air freight rates on China lanes fell.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/16981-december-30-2024-update-freightos
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher container rates ahead of Lunar New Year and January GRIs signal upward pressure on import logistics costs, with Red Sea diversions keeping rates elevated.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightos.com: https://www.freightos.com/freight-resources/december-30-2024-update/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.