# The Lasting Impact of the Red Sea Diversions on Shipping Costs

> Flexport reports that Asia-to-Europe container rates remain about $2,500 above prior non-COVID years in April, with carriers announcing further $1,000 increases for May. Weekly capacity on the Far East to North Europe route rose 18% from March to April before dropping 6% into May.

- Date: 2024-05-02 · published 2024-05-02T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/17030-the-lasting-impact-of-the-red-sea-diversions-on-shipping-costs
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistently high container rates and tight capacity raise the cost of moving feed ingredients and related trade flows, supporting higher ocean freight pricing.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- flexport.com: https://www.flexport.com/blog/the-lasting-impact-of-the-red-sea-diversions-on-shipping-costs/

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