Strong US import demand will support transpacific rates till new year

Transpacific container freight rates are likely to remain higher than on Asia-Europe for some time, as stronger economic conditions in the US support import demand and weaker European growth weighs on cargo volumes and freight rates. Evergreen general manager Wu Kuang Hui said the rate divergence had become increasingly pronounced: “strong on US routes, weak on Europe routes”. And he said on Frida Read full article →