News / Transpacific rates hit new high – $4,000 from Asia to USWC looks likely

© Kheng Guan Toh | Dreamstime.com

The Shanghai Containerized Freight Index (SCFI) has continued on its bull run this week, its comprehensive index ticking up another 16 points today to 1,184, which is 53% higher than a year ago.

Container spot rates on the transpacific recorded modest increases, the SCFI component for the US west coast edging up $34 to hit a new record for the tradelane of $3,440 per 40ft, a massive 167% above the same week of 2019.

And with another GRI planned by the carriers ...