Transpacific freight rates have corrected after rising for more than three months, as capacity additions have begun making an impact.
When the Shanghai Containerised Freight Index (SCFI) closed on 12 July, the Shanghai-US West Coast rate averaged US$7,645/FEU, down US$458 the previous week. The Shanghai-US East Coast rate decreased by a lower margin, to US$9,881/FEU, a dip of US$64 from the previous week.
Clarksons’ latest weekly report commented, “A mixed week for container freight markets, with...
https://container-news.com/pause-in-transpacific-rate-surge/