Container Spot Rates Climb Up for 18 Months While US Imports Shrivel!

Transpacific spot rates hit highest level for 18 months, but US imports are drying up.
SCFI records a second massive spike of over 25% in three weeks to take the spot rate to double the rate recorded by the index at this time last year.
Carriers have already started to unblank some of the 120 cancelled headhaul sailings in order to take advantage of the market conditions.
US/China trade war is another factor that has prompted a bout of forward bookings by shippers that has left inventory...