Transpacific freight rates defied market expectations with further rate hikes
coming at the end of January after COSCO and MSC pushed ahead with their FAK
rate increases from 1 February with the other carriers finally deciding to
follow suit.
Although some carriers have started to offer rate discounts on selected sailings
in February, the increased FAK rates have raised overall market levels which
will hold at least until the first week of February before a larger correction
sets in after the C