The 1 September rate gains on the transpacific have all but evaporated, with
rates to the US East Coast falling sharply with the SCFI assessment registered a
8.4% drop last week.
Capacity utilization has dropped on the East Coast with average capacity
deployed in September reaching a record high of almost 250,000 teu per week or
12.5% higher compared to August.
In contrast, average capacity to the West Coast is 7.4% lower in September,
which has only partially stemmed the rate fall.
Rates to