THE seasonal dip in container spot rates from Asia to the United States belies market strength, as carriers add capacity and big US retailers slow-walk annual service contract talks, says New York’s Journal of Commerce. But this year spot rates were much higher than last year entering the Lunar New Year, so even with a large drop in spot rates, prices are not expected to fall to last year’s nadir. Also, there are strong signs for growth ahead, according to US retailers and industry analysts. US...
https://www.seanews.com.tr/falling-rates-focus-annual-transpacific-contract-talks/199939/