News / Demand driving transpacific prices sky high, with Asia-Europe benefiting too

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Container spot freight rates on the transpacific trades leapt this week, with prices from Asia to US west coast ports sailing way above $3,000 per feu – and looking set to jump higher.

Today’s Shanghai Containerised Freight Index (SCFI) reading – prices quoted for next week – was $3,406 per feu, an increase of 8.3% over last week’s reading of $3,144.

It showed a slight variation with the midweek Freightos Baltic Index (FBX), which reported a rate of $3,058 on Wednesday, which ...