It was a relatively flat week for pricing on the major deepsea box shipping trades, with a scheduled mid-week general rate increase (GRI) failing to lift container spot rates on the headhaul eastbound transpacific route.
Tuesday saw the implementation of a range of transpacific GRIs, of $1,000-$3,000 per 40ft.
However, the Shanghai-Los Angeles leg of Drewry’s World Container Index (WCI) ended this week at $2,817 per 40ft, 4% down on the previous …
The post Transpac GRIs fail to prop up under-pressure container spot freight rates appeared first on The Loadstar.
