The BIMCO House
Shipping number of the week: China to USWC container spot rates rise 5% while idle fleet ticks up
The container spot freight rates from China East Main ports to US West Coast ports rose to USD 1,837 per FEU on 1 June 2020, a 5% increase from the previous week. The rise marks a positive development despite the Covid-19 crisis which is expected to cause a fall in demand for container shipping in 2020.
Container carriers are facing massive uncertainty with the global economy...