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Aug 03 2018

Peak season looking happier for carriers with transpacific freight rates set to rise

Next week is set to see large increases in spot container shipping freight rates on the transpacific trades, according to figures from today’s Shanghai Containerised Freight Index (SCFI)

The index, which collates freight rates quoted for the week ahead from a group of carriers and customers, indicates that, as the peak shipping season gets under way, the trade between Asia and the US west coast will see rates rise 10.5%, to $2,074 per feu.

Meanwhile, the on the Asia-US east coast trade, spot rates rose 8.9% to reach $3,099 per feu, and analysts predict that carriers are set to enjoy a better peak season than in 2017 – at this point last year, spot rates had begun to decline.

Earlier this week, Daniel Richards, senior analyst at Maritime Strategies International (MSI), said: “Week 30 of 2017 proved the peak for mainlane spot freight rates, which then declined over peak season. Read more

 

 

Source: THE LOAD STAR