Transpacific carriers failed to hold on to their mid August rate increases and
have given back part of their recent rate gains with spot rates falling back to
the $1,800/feu level to the US West Coast compared to the latest SCFI assessment
of $2,003/feu.
Rates to the US East Coast were more resilient, with capacity reduced due to
Panama Canal draft restrictions. Maersk has added 9 extra East Coast sailings
since July but will be cutting back on these East Coast loaders which will be
diverted to