Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
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Spot container freight rates on the largest deepsea trades rebounded this week, despite continuing weak demand, suggesting recent capacity cuts have begun to reverse months of pricing decline.
According to the Freightos FBX index, Asia-US west coast rates increased 11% week on week, to $2,763 per 40ft, which is around 80% lower than the same time last year.
“Ocean rates out of Asia were stable overall again this week – though Asia to US west coast prices ticked up and are now ...
Comment on this article
Daniel Pettersson
November 14, 2022 at 5:38 pmNot the first time FBX proves to be an absolute joke of an index. SCFI went down 285/TEU to Europe, but FBX went up 3%? Yeah OK..