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.
Notice of the National Development and Reform Commission and Other Departments on the Issuance of the «Implementation Plan for Promoting the Openness and Interconnectivity of Logistic Data and Effectively Reducing the Overall Logistics Costs in Society»
Main insights for the past 2 weeks
