Trade growth getting stronger, but ocean freight rates stay flattish
While rates on the transpacific continued to soften, and Asia-Europe trades showed marginal gains, the ...
Shipping lines are busily trying to keep transpacific spot market rates up, before the start of the next contracting season. From December 1, the Transpacific Stabilization Agreement is recommending increases of $400 per FEU to the US west coast. Think even higher for refrigerated cargo, which is in a “dire” revenue situation.
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