Transpacific container rates went up again when the Shanghai Containerized Freight Index (SCFI) closed on 14 July, as congestion built up in the US West Coast due to dockers’ strike on the Canadian west coast. Liner operators also blanked sailings in response to bleak demand.
The index showed Asia-US West Coast rates and Asia-US East Coast rates at US$1,771/FEU and US$2,662/FEU respectively, up 26% and 12% from 7 July.
Linerlytica, in a note released on 17 July, said, “Momentum is strong for...
https://container-news.com/transpacific-rates-rise-on-canadian-port-strike/