News / Added services to exploit rising rates boost transpacific capacity by 33%

Source Port of Los Angeles

To take advantage of skyrocketing freight rates, liner operators added 23 transpacific services between July 2020 and last month, boosting nominal capacity by 33%, according to the Shanghai Shipping Exchange.

In July 2020, global container shipping capacity stood at 23.8m teu, the transpacific accounting for 3.74m teu. By this July, capacity had increased to 24.77m teu globally and 4.88m teu on the Pacific trades.

The data also shows vessels were diverted from services calling at India, Pakistan and the Persian Gulf to ...