Drewry reports spike in eastbound transpacific rates

Ocean

Thursday, January 17, 2013

Drewry said its Hong Kong-to-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, jumped 14 percent to $2,524 per 40-foot container this week. The London-based firm said the $311 per 40-foot box increase in the benchmark rate shows that members of the Transpacific Stabilization Agreement achieved around 50 percent of their $600 target for a peak season surcharge. “Cargo demand and carrier l...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.