Asia-US East Coast spot rate climb stalls – but is it just a blip?

Indices appear uncertain how to price spot rates this week, but what seems clear is that the Asia-US East Coast trade’s substantive growth trajectory of recent weeks has hit a bump – the question is whether this is a blip or something more transformative. According to Drewry’s World Container Index (WCI), spot pricing on its Shanghai-New York routing dropped 2% week on week, hitting $9,333 per 40f Read full article →