Container freight spot rates shot up on the transpacific trades this week, with an immediate surge in demand following news of a new 90-day hiatus in the China-US trade war.
This week’s World Container Index (WCI) from Drewry, which records spot rates paid over the past week, showed prices on its Shanghai-Los Angeles leg increase 16% week on week, to end at $3,136 per 40ft, while the Shanghai-New York leg climbed even higher, with a 19% gain on the previous week.
The European Union, China and the United States play the largest role in international trade, in terms of supplying products and as markets, and their trade relations largely determine the configuration of cargo flows in the international transport system.
The Eurasian rail route is an important element in promoting connectivity between Europe and Asia
