Transpacific carriers successfully pushed ahead with the 15 July rate increase, with rates soaring to a 9 month high of $1,771/feu to the West Coast, based on the latest SCFI assessment. The removal of Zim’s ZNP this week will be followed by THE Alliance’s suspension of the PS5 from August, along with the disruptions from the Canadian port strike have provided positive catalysts for the rate hike planned on 1 August. Carriers are capitalizing on the tighter space situation from the rise in bla