Transpacific rates are holding steady after the 15 July rate increase, backed by
the strong capacity utilization rates with bookings stretching out 3 to 4 weeks
forward.
Carriers are pushing ahead with the 1 Aug rate hike, which would bring rates to
the US West Coast over $2,000/feu for the first time since October 2022.
The rate rebound is expected to last through mid-August on the back of the
strong vessel utilization with minimal capacity additions in the coming weeks.
Asia-Europe rates we