Trans-Pacific westbound spot rate plunge set to deepen

Trans-Pacific westbound spot rate plunge set to deepen

Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound, which should begin in November, could be muted as a result.

You are only viewing part of an article, please register to get full access.