Carriers reap rewards of lucrative transpacific rates
With utilisation levels close to 100% on the transpacific, carriers continue to put on extra loaders to meet strong demand and take advantage of the higher yield
Transpacific spot rates on the SCFI maintained their upward trajectory this week to record fresh historical highs. Analysts Alphaliner say earnings per 40 ft box are currently three times higher than the Asia-Europe route, but just how long the rate spike will last hinges on carriers’ ability to absorb the traditional demand downturn during and after China’s Golden Week
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