Transpacific spot rates rallied sharply last week ahead of the 1 May GRI with
rates to the West Coast rising to $3,600/feu and East Coast rates reaching
$4,600/feu. Several carriers are still pushing for additional increases that
could bump rates past $4,000 and $5,000 respectively over the coming week.
Capacity remains tight in May but additional capacity on the West Coast is
expected in June which could ease some of the current rate pressure.
OCEAN Alliance has suspended the NEU3/AUE7/FAL7 se