Customers can expect new rate increases on the Pacific in coming weeks

For the rest of the month, rates on the Pacific Ocean from Asia to the US West Coast are set to rise further in an already overheated container market, predicts Sea-Intelligence.

Photo: Kin Cheung/AP/Ritzau Scanpix

Customers will likely have to pay even more to have a container freighted on the Pacific in coming weeks in an already soaring container market.

According to current indications, rates from Asia to the US West Coast (Asia-USWC) looks set to increase by a further 20 percent over the next month, estimates a report from Sea-Intelligence.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs