Freight rates (Ocean Freight) from Asia to North America West Coast week 31/2023 continued to increase sharply to $1,959 /FEU, up 7.05% from last week and up 34.82% from last month, according to Xeneta data.
Freight rates from Asia to Northern Europe in the week of 31/2023 spiked to $1,743 /FEU, up 46.84% from last week and up 44.41% from last month, according to Xeneta data.
Freight rates from North America (West Coast) to Asia in the week of 31/2023 decreased slightly 1.06% compared to the previous week to 844 USD/FEU. This price decreased by 0.35% compared to the previous month.
Freight rates from Northern Europe to Asia in the week of 31/2023 decreased slightly by 1.29% compared to the previous week, to 383 USD/FEU. This price decreased by 2.54% compared to the previous month.
As the United States officially imposes countervailing duties of up to 46% on certain export products from Vietnam, the Vietnamese logistics sector is facing significant challenges—including rising operational costs, longer shipping times, and the risk of supply chain disruptions.
It is evident that digitalization has become the defining trend of the modern era. Across all industries and sectors, businesses are shifting from traditional development strategies to automation and digital transformation, aiming to optimize operational efficiency and productivity.
Europe remains one of the most important and promising export markets for Vietnamese enterprises, especially following the implementation of the EU–Vietnam Free Trade Agreement (EVFTA). With a population of over 740 million and a total GDP of approximately USD 18 trillion, the region has a strong and diverse demand for imports ranging from agricultural products and processed foods to industrial goods, electronics, and textiles.
In an effort to continuously enhance our position and expand our global network, Glotrans actively participated in the PPL AGM 2025 Annual Meeting in Hong Kong from May 25 to May 28. This is a key event, providing us with valuable opportunities to enhance our expertise and develop international partnerships.
On May 18, 2025, Glotrans HCM officially entered its 13 years of operation, marking an ever-growing journey in international logistics and freight forwarding.
