top of page
Search
  • Writer's pictureStephen Fodor

Trans-Pacific shipping rates reach all-time high



January 5, 2021


(American Shipper) Is this the end of the mysterious trans-Pacific rate plateau? The good news for ocean carriers — and bad news for shippers — is that rates are rising yet again.

Base spot rates for container shipments from Asia to the U.S. West Coast had been curiously flat since late September. Rates kept to a narrow band at record-high levels of around $3,800-$3,900 per forty-foot equivalent unit (FEU).


The unnatural flatness of the rate trend line during a period when demand was not flat led to speculation that the trans-Pacific rate level was, in fact, not natural.

One theory is that liners declined to charge higher base spot rates after a meeting with Chinese regulators in mid-September. Actual rates continued to increase when including premium charges, with the static base rate meant to assuage regulators — or so the theory goes.


Whether that speculation is true or not, something appears to have budged. Over recent days, spot rates have headed higher.


To Read More: https://www.freightwaves.com/news/trans-pacific-shipping-rates-just-popped-to-new-all-time-high?utm_source=piano&utm_medium=email&utm_campaign=2631&pnespid=mfBjq.ZIAhSN_pqOVz2RdWyatZqhX30DlbIpjN6v


Please contact us for further information or questions – info@tradelogicintl.com

12 views0 comments

Recent Posts

See All
  • Twitter
  • LinkedIn
  • Facebook
  • YouTube
  • Instagram

need assistance from a licensed CUSTOMS broker?

Thanks for submitting!

bottom of page