News / Transpac fears as pressure on spot rates hardens, but Asia-Europe is calmer

© Richard Van Der Pluijm

Container spot rates on the transpacific tradelane softened again this week, carriers losing all the November GRI gains – and more.

According to today’s Shanghai Containerized Freight Index (SCFI), the rate for Asia to the US west coast plunged 12.2% to $1,097 per 40ft, after shedding 11.5% and 8.9% in the past two weeks.

And on routes to ports on the US east coast, the downward pressure continued, but was less intense: spot rates declined 6.7% to $1,681 per 40ft, after previous falls of 6.1% and 8.2%.

Drewry ...