--- title: Rising Ocean Freight Rates and Overcapacity are Likely to Impact Lead Times description: Rising Ocean Freight Rates and Overcapacity are Likely to Impact Lead Times image: https://pages.supplyframe.com/hubfs/Blog/5.png --- [![large-Supplyframe-Logo-web](https://pages.supplyframe.com/hs-fs/hubfs/large-Supplyframe-Logo-web.png?width=204&height=44&name=large-Supplyframe-Logo-web.png)](https://supplyframe.com/) [![Contact](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/7283073/ca0536c0-b32a-42e2-8621-61c35fb59ad0.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/7283073/ca0536c0-b32a-42e2-8621-61c35fb59ad0) # IQ Insider *Powered by Commodity IQ* [![Subscribe to IQ Insider](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/7283073/68076d51-a4ec-43f5-9244-024375c6873b.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/7283073/68076d51-a4ec-43f5-9244-024375c6873b) ## [Rising Ocean Freight Rates and Overcapacity are Likely to Impact Lead Times](https://pages.supplyframe.com/ciq/rising-ocean-freight-rates-and-overcapacity-are-likely-to-impact-lead-times) Aug 14, 2023, 2:51:46 PM / by [Supplyframe](https://pages.supplyframe.com/ciq/author/supplyframe) - [Tweet](https://twitter.com/share) Transpacific capacity reductions in the form of blank (canceled) sailings and even slow steaming are emerging, as carriers manage overcapacity in an effort to stabilize rates. According to the Drewry, average spot rates from Shanghai to Los Angeles per 40-foot equivalent container (FEU) the first week of August were 20% from 2018 and 24% higher than 2019.  #### Written by [Supplyframe](https://pages.supplyframe.com/ciq/author/supplyframe) supplyframe --- - [**Recent**](https://pages.supplyframe.com/ciq/rising-ocean-freight-rates-and-overcapacity-are-likely-to-impact-lead-times#tab-1) # About Us Use this little footer to reinforce your message about who you are and why people love working with you. And since this is a global module, you only have to edit it once to make the changes across every page it appears on. [Learn More](https://www.hubspot.com) # Links # Contact Us (626) 793-7732 [yourname@company.com](mailto:yourname@company.com) 61 S Fair Oaks Ave Suite 200 Pasadena, CA 91105 Copyright © 2026 [Supplyframe](https://supplyframe.com/) Accessibility [Privacy Policy](https://sfcomdev.wpengine.com/privacy-policy/) [Terms of Service](https://sfcomdev.wpengine.com/terms/) ![](https://px.ads.linkedin.com/collect/?pid=1972124&fmt=gif)