Container rates on the Pacific have "collapsed" from record level earlier in 2022

The prices for transporting containers across the Pacific Ocean to the US west coast have ”collapsed” since the record-high levels seen earlier this year, says Xeneta’s chief analyst. One route in particular has seen crashing rates.

Photo: Aly Song/Reuters/Ritzau Scanpix/REUTERS /

Spot rates for container freight from Asia across the Pacific Ocean are in free fall after a period during which the overseas route to California has been the most profitable for container liners.

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