The SCFI assessment of $3,050/feu to the US West Coast remains higher than
latest market rates offered by carriers that have already dropped below
$2,500/feu and will soon breach the $2,000/feu level, ensuring further SCFI
downward revisions in the coming weeks.
USWC rates have collapsed completely, and contract rates have also been
annihilated with various carriers already agreeing to revise full year contract
rates to match the current spot market rates in order to protect their volume
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