Mainline operators have given up on hiking transpacific rates this month, as the cargo rush ahead of China’s Golden Week holiday on 1 October has not materialised.
Flatlining rate levels have persisted despite fears of the International Longshoremen Association’s (ILA) strike on the US East Coast have also caused shippers to divert containers to the West Coast.
Last Friday, the SCFI’s Shanghai-US east coast rate reflected this, falling 11% from the previous …
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