China faces long-term export threat, while ocean rates plummet
Capacity demand for Chinese exports is in decline, mainly due to full inventories in Europe ...
By Mike Wackett
Container spot rates on the transpacific have continued to soar as shippers scramble for space to beat 1 September US import tariff hikes.
Anecdotal reports from China suggest carriers are obtaining substantial premiums in return for guaranteed loading of containers.
This week’s Shanghai Containerized Freight Index (SCFI) recorded a further jump in rates from Asia to the US: to the west coast up 8.1% to $2,298 per 40ft and to the east coast up 4.7% to $3,485.
This contrasts with the same week of last year ...
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