Drewry's Eastbound Trans-Pacific Rate Jumps $250

The Drewry benchmark rate for shipping from Hong Kong to Los Angeles jumped $250 per 40-foot-equivalent unit in the week of Nov. 20 to $1,986. The Transpacific Stabilization Agreement had suggested an increase of $400 per FEU, set for Nov. 15, and this week’s increase corresponds to 62 percent of this proposed GRI.

Please consider registering in order to access the full article.