Transpacific Spot Rates Ease Ahead of China’s Golden Week Holiday


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September 24, 2021 By Gavin van Marle (The Loadstar) – There were signs of a silver lining finally beginning to appear for beleaguered US shippers this week, after the spot container freight rates to both the west and east coast showed a second week of declines on the Freightos Baltic Index (FBX). Today’s FBX covering the China-US west coast route stood at $19,173 per 40ft, down from the $20,143 last week and the record high of $20,586 per 40ft on 10 September. It was a similar picture on the China-US east coast leg, which today recorded a rate of $21,697...