In the space of just two weeks, transpacific spot rates have lost 40% of their value.
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Container spot freight rates on the transpacific trades continued their headlong descent this week, after another 20% was wiped off Asia-US west coast prices and 13% off Asia-US east coast.
In the space of just two weeks, transpacific spot rates have lost 40% of their value.
COVID-19 will likely affect trade more profoundly than any other recent crisis. The extent of the disruption will vary by commodity, trade lane, and mode of transport, and it will be steered by local differences in the crisis’s severity
The study analyzes the sea freight market by the end of April — beginning of May 2021. It reveals the problems associated with the movement of goods in various regions of the world, highlights the latest developments in the industry and gives a forecast for the next month