Trans-Pacific trades marks a decline in box rates amid reduced production levels
Published 13. Oct 2021 1:07 PM
The 40-foot container box rates took another hit this week with some trades down up to -20%..
The 40-foot container box rates took another hit this week with some trades down up to -20% with China to North America West Coast being affected the most. Other trades including China to North America East Coast saw a surge of -16.21% w-o-w.
The explanation lies within the fact that the energy crisis and power shortage in some regions has resulted in a slowdown in production and export.
On the other hand, Atlantic trades rebounded with North America East Coast seeing an increase of 20.67% w-o-w and other trades seeing prices increase of up to 5%.
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