More pressure on transpacific rates as carriers bet on a China-US trade deal - India Seatrade News

More pressure on transpacific rates as carriers bet on a China-US trade deal - India Seatrade News

Mainline operators are pushing for higher transpacific rates in May, betting on a trade deal that could trigger a return of mass Chinese export volumes to the US. While rates face downward pressure, carriers announced price rises for next month, driving marginal gains to transpacific rates last week. On Friday, the Shanghai Containerised Freight Index showed the Shanghai-US west coast rate rose 2% from the previous week, to $2,141 per 40ft, whil…

Carriers Gambling On Negotiations To Raise Transpacific Rates

It seems incredible that carriers on the transpacific trade could be pushing to increase ocean freight rates next month after the dramatic decline of shipments moving from China to the US. However, they have announced increases and are seemingly gambling on successful trade talks between China and the US in the days ahead. While capacity has been cut dramatically through numerous blanked voyages, it is more easy to understand why current volumes…

More pressure on transpacific rates as carriers bet on a China-US trade deal - The Loadstar

Mainline operators are pushing for higher transpacific rates in May, betting on a trade deal that could trigger a return of mass Chinese export volumes to the US. While rates face downward pressure, carriers announced price rises for next month, driving marginal gains to transpacific rates last week. On Friday, the Shanghai Containerised Freight Index showed the Shanghai-US west coast rate rose 2% from the previous week, to $2,141 per 40ft, whil…