The SCFI transpacific rate assessments have rebounded on the back of the 1
November GRI that has brought spot rates to the West Coast above $1,900 per feu
and East Coast to above $2,350 per feu.
Despite this, the positive momentum on the transpacific routes will be difficult
to sustain as capacity will increase through November after the cuts in October
while capacity utilization continues to weaken on services to both coasts.
Spot Asia-Europe freight rates surged last week ahead of the 1 Nove