Transpacific freight rates continued to trend upwards, with the rally in the last 4 weeks raising rates to the US West Coast by over 133%, its largest ever monthly gain on record, surpassing even the COVID period rate surge. Although some carriers have announced further rate hikes in February, it appears to be nearing its peak with carriers preparing for the post-Chinese New Year slack by offering lower rates from the 2nd week of February. Rates to North Europe saw a minor correction after 8 c