The SCFI assessment on the Transpacific shed a further 3.4% last week to the
West Coast but it is the East Coast where carriers are facing greater pressure
with rates dropping by 5.4%.
Spot rates are available in the market at up to $300/feu lower than the SCFI
rates, with carriers unable to fill the capacity available despite a 13% drop in
average capacity in October on the West Coast and 23% drop in the East Coast.
Rates to North Europe have cracked below the 2019 levels and appears to be in