Transpacific rates rose to a nine-month high when the Shanghai Containerized Freight Index (SCFI) closed on 28 July, as general rate increases (GRIs) on 1 August were supported by high fleet utilisation and Canadian dockers’ industrial action.
Asia-US West Coast rates hit US$1,943/FEU, while those for Asia-US East Coast averaged US$2,853/FEU, a level not seen since October 2022.
The same day, the Canadian branch of the International Longshore and Warehouse Union rejected the new mediated contract...
https://container-news.com/freight-rates-rise-on-gris-and-canadian-strike/