Pacific route rates expected to hold steady amid typhoon disruptions during China's Golden Week
CRGO Freightos Ltd
$0.84 +1.23%
View chart & analysis → - 1Freightos reported that increased cancellations during China's Golden Week could stabilize Pacific rates in the short term.
- 2As of October 6, Asia-US West Coast spot rates per FEU stood at $8,322, a 3% weekly decrease according to Freightos.
- 3With 157 vessels waiting at Shanghai berths as of mid-September, Albert Jerrega stated that carriers have decided to push for higher rates.
So what's the key point?
Freightos reported that an increase in cancellations during China's Golden Week may keep Pacific shipping rates stable for a short period.
Source Supply Chain Dive · View original ↗
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