News / Strike swell hits transatlantic rates – transpac shippers hold their breath

The supply chain ripples from the US east and Gulf coast port strike have largely still to make themselves felt in global spot freight rates, according to this week’s indices.

Despite predictions that the transpacific eastbound headhaul trade might see a surge of demand into US west coast ports, the major spot rate indices saw freight rates decline on the trade: the Drewry World Container Index’s (WCI) Shanghai-Los Angeles leg declined 4% week on week, to $5,258 per 40ft, while the ...