News / Transpac rates at new heights, but reviving blank sailings could muddy the water

31/07/2020

Transpacific container spot rates to the US west coast have powered over the $3,000 mark to hit a record level of $3,167 per 40ft.

The US west coast component of today’s Shanghai Containerized Freight Index (SCFI) soared 17% on the back of 1 August GRIs and is now 100% higher than a year ago.

The spot rate surge represents the highest SCFI reading for the west coast in the decade-long history of the index – and the rate could go higher still ...