News / Carrier hopes for price hikes tumble with spot rate declines on major routes

© Vladimir Serebryanskiy

Container spot rates seem to have shrugged off carriers’ attempts to add an emergency bunker surcharge (EBS).

And there are doubts emerging as to whether the lines can secure peak season surcharges (PSSs) this year.

The Asia to US components of the Shanghai Containerized Freight Index (SCFI) saw rates on the transpacific tumble again this week.

Spot rates for the US west coast fell another 6.8%, to $1,266 per feu, and for east coast ports there was further decline of 5%, taking the ...