Transpacific Spot Rates Climb as Carriers Pull Capacity
The China to North America West Coast trade printed $8,040.50 per 40-foot container on the Freightos Baltic Index dated September 18. That is up 3.5 percent from $7,765 on the September 11 index and up 40 percent from $5,741.60 on June 19. The global composite sat at $3,499, down 0.61 percent on the week. One lane is climbing while the world market drifts, and the gap is the story.
Key takeaways: The China to US West Coast spot rate reached $8,040.50 per FEU on the September 18 Freightos index, up 40 percent since June 19. Carriers announced four blank sailings for the week ahead, up from one, per Drewry's September 17 assessment. Shanghai anchorage waiting time rose from 65 hours to 78 hours…
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