Trans-Pacific container lanes could skate right past a post-Lunar New Year lull to peak-season-like traffic if an aborning trade war with China continues to lead U.S.-based shippers to frontload imports.
Asia-U.S. West Coast container rates fell 3% to $4,904 per forty-foot equivalent unit for the week ending Feb. 7, according to the latest Baltic Index from shipping analyst Freightos.
Prices for Asia-U.S. East Coast services were off 1% to $6,656 per FEU from the previous week.
“Trans-Pacific...