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Asia-US west coast spot rates at five-year high

Latest Shanghai Containerised Freight Index shows freight rates on the transpacific trade lane at their highest level since early 2013, as President Trump’s tariffs fail to put a dampener on demand and capacity restrictions ensure vessel utilisation remains high

Spot rates on the Asia-US west coast trade surge to $2,503 per feu as rates to the US east coast from Asia track 50% above last year, but rate rot prolongs for Asia-Europe carriers

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