News / Asia-US west coast spot rates up 100% on a year ago as demand grows

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A further massive spike in transpacific container spot rates this week may encourage ocean carriers servicing the route to ’unblank’ more sailings to meet market demand.

Today’s Shanghai Containerized Freight Index (SCFI) recorded a 29% surge in spot rates from Asia to the US west coast, to $2,755 per 40ft, which is almost double the market rate of a year ago.

And for US east coast ports, the SCFI component jumped 19%, to $3,255 per 40ft, an impressive 32% higher than 12 ...