News / More volatility expected as transpacific spot rates rebound after weeks of decline

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This week it was the turn of the Asia-North America spot rates to rebound after a long period of decline, while North Europe failed to keep hold of last week’s gains after a series of FAK rate increases.

The Shanghai Containerized Freight Index (SCFI) recorded an 8.9% jump in spot rates, to $2,428 per feu, in Asia-US east coast sailings, while the transpacific Asia-US west coast rates surged 11.8% to $1,413 per feu.

Thomas Sorbo, chief operating officer of freight rate benchmarking platform ...