Transpac rates close in on Covid records as carriers pile in capacity

Container shipping spot rates from the Far East to the US are approaching their highest levels seen during the Covid-19 disruption, with carriers increasing capacity on the eastbound transpacific as they seek to capitalise on the surge. According to Xeneta chief analyst Peter Sand, spot rates from the Far East to the US west and east coasts have risen by 324% and 325%, respectively, since 28 Febru Read full article →