News / Asia-US spot rates pushed to new highs, despite warnings from China and FMC

Photo 98335245 © Sheila Fitzgerald - Dreamstime.com

Container spot rates from Asia to the US, including space guarantees and equipment priority fees, have topped $4,000 per 40ft to the US west coast and $5,000 to the east coast.

Despite “guidance” by the Chinese Ministry of Transport and a warning by the US Federal Maritime Commission (FMC), several carriers have pushed ahead with their 15 September GRIs.

The FMC warned it may seek an injunction for a ’collusion’ breach of the Shipping Act,

But, according to reports to The Loadstar, CMA ...