Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
As expected, container spot rates have soared between Asia and the US this week, buoyed by GRIs and radical capacity cuts by carriers.
The Shanghai Containerized Freight Index (SCFI) recorded a massive 24.5% leap in spot rates for the US west coast, to $1,720 per 40ft.
For US east coast ports, rates jumped 16%, to $2,789 per 40 ft.
According to Alphaliner, the Ocean Alliance will have removed over 29,000 teu of capacity during July by withdrawing three headhaul voyages.
At the same time, ...
Asia-USEC shippers to lose 42% capacity in a surge of blanked sailings
Why ROI is driving a shift to smart reefer containers
USTR fees will lead to 'complete destabilisation' of container shipping alliances
New USTR port fees threaten shipping and global supply chains, says Cosco
Transpac container service closures mount
Outlook for container shipping 'more uncertain now than at the onset of Covid'
DHL Express suspends non-de minimis B2C parcels to US consumers
Comment on this article