Now the shipping companies have to resist the temptation to add dozens of trips and at the same time avoid colluding.
From The Loadstar, June
A further massive spike in transpacific container spot rates this week may encourage ocean carriers servicing the route to ‘unblank’ more sailings to meet market demand.
Today’s Shanghai Containerized Freight Index (SCFI) recorded a 29% surge in spot rates from Asia to the US west coast, to $2,755 per 40ft, which is almost double the market rate of a year ago.
And for US east coast ports, the SCFI component jumped 19%, to $3,255 per 40ft, an impressive 32% higher than 12 months ago.....MUCH MORE
Carriers on the route have rolled out another GRI, effective on Monday, after a similar price hike at the end of May produced a 25% leap in spot rates to US west coast ports.
And the Ningbo Containerized Freight Index, which today recorded a 26% jump for US west coast rates and 17% for rates to the east coast, said space on both routes was “still tight”.
Given the unexpected improved trading, THE Alliance said on Wednesday that, “due to increasing market demand”, it was “reinserting” two blanked sailings to the west coast. Its PN4 loop to Tacoma and Vancouver will now depart from China on 20 June and the PS5 loop will leave China for Los Angeles on 4 July....
