Transpacific rates are holding steady after the 15 July rate increase, backed by the strong capacity utilization rates with bookings stretching out 3 to 4 weeks forward. Carriers are pushing ahead with the 1 Aug rate hike, which would bring rates to the US West Coast over $2,000/feu for the first time since October 2022. The rate rebound is expected to last through mid-August on the back of the strong vessel utilization with minimal capacity additions in the coming weeks. Asia-Europe rates we