Asia-USWC rates surge as shippers look to beat Panama Canal restrictions

Asia-US west coast rates are surging at an even faster pace this week ahead of concerns around the impact of vessel reductions through the Panama Canal. However, it seems the speed of decline of Asia-North Europe rates has been arrested. According to Drewry’s World Container Index (WCI), Shanghai-Los Angeles and Shanghai-New York spots climbed 9% week on week, to $6,802 and $9,507 per 40ft comparing favourably with the 6% growth rate recorded ... The post Asia-USWC rates surge as shippers look to beat Panama Canal restrictions appeared first on The Loadstar .