Transpacific spot rates top $10,000 as Asia-Europe slide accelerates

Container spot freight rates on the transpacific and Asia-Europe continued on their completely divergent directions for the seventh straight week, with Asia-US east coast rates now hitting levels not seen since July 2022. This week’s World Container Index (WCI) by Drewry saw its Shanghai-New York breach the $10,000 per 40ft level, the first time it has done so since during the latter days of Covid Read full article →