Asia-Europe rates still sinking, but a different picture on the transpacific

European trades saw spot rates decline for a fourth consecutive week, with carriers cancelling or cutting back plans for rate boosting, but for those operating on the transpacific, the situation was far rosier, as increases were recorded for both US coasts. Spots may have held steady on Drewry’s World Container Index’s (WCI) Shanghai-Rotterdam leg this week, at $4,653 per 40ft, but for Shanghai-Genoa, there was yet another decline, 2% week on ... The post Asia-Europe rates still sinking, but a different picture on the transpacific appeared first on The Loadstar .