Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
Container spot freight rates saw another week of gentle declines across all the major trades, as carriers failed to lift pricing in advance of a series of 1 December general rate increases (GRIs).
There was also no discernible effect from Donald Trump’s announcement that he will seek to impose 25% tariffs on imports from Canada and Mexico, and put a further 10% on Chinese imports.
This week’s World Container Index (WCI) from Drewry showed a 5% week-on-week decline on the Shanghai-Los Angeles ...
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