Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
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By Mike Wackett
There was another significant fall in transpacific container spot rates, as recorded on Friday by the Shanghai Containerized Freight Index (SCFI), just as the new contract season negotiations kicked off.
The US west coast component of the SCFI fell 7.6% to $1,431 per 40ft, while spot rates for US east coast ports fell 6.1% to $2,479 per 40ft.
Since November, spot rates on the transpacific tradelane have fallen by 48% for the US west coast and by 35% for US east coast ...
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