Asia-US spot rates spiked by rush to fill ships to beat trade war tariffs
By Mike Wackett
November 16, 2018
The Asia to the US east coast component of the Shanghai Containerised Freight Index (SCFI) has continued to gain traction.
This week it added 3.5% to reach $3,739 per 40ft, on strong demand fundamentals.
Spiked by the rush to beat 25% tariffs to be levied on a range of consumer imports to the US from China on 1 January, carriers are running full ships and therefore able to secure premium rates for shipment guarantees.
However, on the Asia to US west coast tradelane, where carriers are adding and upsizing tonnage, spot rates as recorded by the SCFI retreated slightly this week, down by 1.8% to $2,529 per 40ft.
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