Shippers face rate hikes and ‘a classic supply-demand mismatch’ in Q4

With the last sailings before China’s Golden Week begins on 1 October, container spot rates on the transpacific trades finally began to tail off. Spot rates from Asia to the US west and east coasts have been consistently rising since the end of August in a late peak season pricing rally – last week they breached $10,000 per 40ft to the east coast on Drewry’s World Container Index (WCI). However, t Read full article →