News / Transpacific rates bull run takes a breath as Golden Week holiday looms

Container spot rates on the transpacific eased back this week, suggesting the bull run on the trade may be ending.

Today’s final publication of the Shanghai Containerized Freight Index (SCFI) before the Chinese Golden Week holiday recorded an $11 decrease for rates to the US west coast, to $3,856 per 40ft, and down $9, to $4,625, to the east coast.

SeaIntelligence’s Lars Jensen said: “This is of course not a guarantee that we have reached the peak, but for now the continued increases ...