Transpacific rates eased after 10 consecutive weekly gains that saw spot rates
surge by over 200%.
Rates to the West Coast dropped below $5,000/feu but are still holding at
healthy levels compared to the $1,200-1,300/feu rates that were prevalent in the
same period last year.
Rates to the East Coast also dropped below $6,500/feu bit is also well above the
$2,400-2,600/feu rates from last year.
Capacity to both West Coast and East Coast will remain tight in March, with only
smaller carriers li