Container spot rates on the transpacific edged down slightly again this week, however they remain significantly higher than a year ago.
It follows that ocean carriers will feel confident of securing respectable annual contract rate increases from their shipper customers as the liner industry assembles for next week’s S&P Global TPM24 conference in Long Beach, California.
Xeneta’s XSI Asia-US west coast average rate declined by 3%, to $4,619 per 40ft, compared with …
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