Receive FREE Newsletter
Advanced Search
+

News / Blanked sailings in sight as transpac rate plunge continues after 'phantom peak'

dreamstime_xs_99063197
ID 99063197 © Sheila Fitzgerald | Dreamstime.com
By

Container spot freight rates on the transpacific trades continued their headlong descent this week, after another 20% was wiped off Asia-US west coast prices and 13% off Asia-US east coast.

In the space of just two weeks, transpacific spot rates have lost 40% of their value, ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Asia-Mediterranean Asia-North Europe Asia-US east coast Rates: the eternal tango Transatlantic Transpacific

    Most read news

    CMA CGM South Korean staff strike over bonuses after bumper 2024 profit

    MSC switches two more Asia-Europe port calls from congested Antwerp

    CMA airline returns two freighters, while ANA takeover of NCA looms

    Nightmare for Bangladeshi exporters as congestion and tariffs bite

    Tradelanes: Export boom in Indian sub-continent triggers rise in airfreight rates

    Carriers introduce surcharges as congestion builds at African ports

    Ports and supply chain operators weigh in on funding for CPB

    Box ship overcapacity threat from carrier appetite for new tonnage

    Front-loading frenzy has made traditional H2 peak season 'unlikely'

    DHL Global Forwarding – changing of the guard with Tim Scharwath set to exit

    Tradelanes: Overcapacity on Asia-S America impacting alliances and rates

    Trading tensions with the US may push Brazil closer to China

    Don't rely on social media for tariff clarity, shippers warned

    What the US can learn from Brexit as it cuts de minimis exemption

    Rising number of empty US warehouses no harbinger of falling rates

    MSC shopping spree for newbuilds continues, and Yang Ming joins in