Transpacific container contracts ‘substantially below’ initial asking rates
2024-04-10 11:32

Transpacific container contracts ‘substantially below’ initial asking rates

"The first batch of transpacific contracts are concluding for the May 2024-April 2025 period with analysts at Jefferies reporting Asia-US west coast rates are understood to be in the $1,40 to $1,500 per feu range, up from $1,200 per feu to $1,300 per feu last year. These agreements compare to current spot rates above $3,000 per feu." See the original story at: Splash247.

Source: Splash247