Rates hold steady as carriers blank voyages to mitigate softer demand

Container spot freight rates on the main east-west trades continued in much the same vein as they have since the beginning of August – slight declines on Asia-Europe trades offset by slight increases on the transpacific. This week’s World Container Index (WCI) by Drewry showed rates remaining elevated on the transpacific, with its Shanghai-Los Angeles leg up 2% week on week, to $7,352 per 40ft, wh Read full article →