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.
Rates edge upwards +2% in June amid volatile markets