SCFI rates breached the $2,000/feu level to the US West Coast and $3,000/feu to
the East Coast for the first time since October 2022 and December 2022
respectively.
Transpacific carriers will further extend their rate gains with the mid August
rate increase almost certain to be pushed through successfully with bookings
remaining very strong on lower capacity available through August.
Capacity availability will pick up in September on both the WC and EC routes,
which will test the carriers abi