News / Transpac carriers may have the advantage as contract season looms

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Transpacific ocean carriers are holding on to as much of their Red Sea crisis-induced gains as they can, heading into contract talks with BCOs, shippers and forwarders.

Drewry’s WCI Asia-US west coast container spot rate component was flat this week, at an average rate of $4,754 per 40ft, and remains some 140% higher than at the beginning of December.

Rates on the tradelane are being supported by strong US consumer demand, which saw import volumes at the San Pedro Bay ports of ...