The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast, but ocean freight container shipping rates have not increased. Data from Xeneta shows a slight decrease in rates from the Far East to the US East Coast ports. 

Average spot rates from North Europe to the US North East Coast have fallen by a larger 8% in the same period to stand at US$2,357 per FEU. When including other US East Coast ports, rates have decreased by 4%.

The Port of Baltimore expects to restore normal capacity by the end of May, but there may be further disruptions in 2024 due to labour negotiations. 

Sand warns that potential labour strikes could lead to significant disruptions and increased rates for ocean freight container services on the US East Coast.