Carriers are holding firmly to the transpacific rate increases, with the West
Coast rates staying above the $2,000/feu level to the US West Coast and
$3,000/feu to the East Coast.
Bookings remain strong on lower capacity available through August, but weakness
is starting to show with the mid-August gains smaller than initially expected.
Transpacific rates will receive another boost from the 1 September rate increase
but further increases will be limited unless trade demand rebounds
significant