'Cargo collision' expected as transpacific capacity tightens and rates rise
Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be ...
Photo: APM Terminals
As expected after last week’s surge in spot rate levels, this week saw more modest gains thanks to a week’s absence of new surcharges and FAK price hikes.
Next week could see a return to double-digit gains however, as a 1 July implementation of new price levels is expected.
For example, MSC has announced FAK rates on Asia-North Europe of $9,800 per 40ft high-cube and $9,000 to West Mediterranean destinations, for Monday.
According to Andy Cliff, director at Straightforward Consultancy, UK shippers and ...
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