The Shanghai Containerized Freight Index saw increases in the week of March 29 in U.S.-bound trans-Pacific lanes after eight weeks of declining rates, according to data issued by the Shanghai Shipping Exchange.
The spot rate to the U.S. East Coast rose 5 percent or $164 per 40-foot container to $3,411. This is the first increase in rates since mid-January. The current rate is up 6.4 percent from the same week in 2012 and up 1.6 percent since the beginning of 2013.
The spot rate to the U.S. West Coast jumped 7.6 percent or $160 to $2,264 per FEU this week. In this lane, rates had fallen 16.5 percent or $416 over the prior eight weeks. The current rate is up 11.5 percent over the same week in 2012 and 1.9 percent above the level seen at the beginning of 2013.