Transpacific ocean rates increased slightly last week and are about 15% higher than at the start of December on successful mid-month General Rate Increases (GRIs).
Rate increases and reports of full vessels this far ahead of the Lunar New Year probably reflect shippers continuing to pull forward volumes ahead of President-elect Trump’s promises of tariff increases next year – with Trump this week proposing the US should reclaim the Panama Canal in response to growing Chinese influence there.
Carri...
https://container-news.com/frontloading-continues-to-put-pressure-on-transpacific-rates/