Mainline operators are looking for a a price hike in Asia-US West Coast rates in mid-August to undo the recent correction.
Hikes of $1,000 per 40ft have been announced for 15 August, by carriers hoping to halt the declines of the past three weeks.
On Friday, the Shanghai Containerised Freight Index showed Shanghai-US West Coast rates lost about 7% from the previous week, averaging $6,663 per 40ft, although this remained above the …
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