Carriers ‘Unblank’ Sailings Due To Spike in Container Spot Rates

A massive spike in transpacific container spot rates was noticed.
This encouraged ocean carriers servicing the route to ‘unblank’ more sailings to meet market demand.
Shanghai Containerized Freight Index (SCFI) recorded a 29% surge in spot rates.
NCFI recorded a 26% jump for US west coast rates and 17% for rates to the east coast.
THE Alliance has reinserted two blanked sailings to the west coast.
The demand and rate spike on the transpacific comes after US imports plunged some 17%.
CMA CGM...