# Jensen Warns U.S. Ag Exporters: Red Sea Disruptions Raising Rates in 2024 - RBTUS

> Lars Jensen of Vespucci Maritime warned U.S. agricultural exporters that container spot rates have surged since December, with Shanghai to New York rising from about $2,500 to nearly $6,000. He cited Red Sea diversions, Asian port congestion, a possible Canadian rail strike and U.S. longshore labor talks as ongoing pressures.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/17027-jensen-warns-u-s-ag-exporters-red-sea-disruptions-raising-rates-in-2024-rbtus
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher container and vessel costs raise the landed cost of U.S. agricultural exports and tighten vessel capacity, supporting higher ocean freight prices and risking export competitiveness for feed grains and meals.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- rbtus.com: https://rbtus.com/jensen-warns-u-s-ag-exporters-red-sea-disruptions-raising-rates-in-2024/

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