Benchmark transpacific freight rate at year-high
Better liner discipline and strong efforts to limit capacity have combined with frontloading of transpacific volumes to avoid upcoming tariffs to raise benchmark Hong Kong-Los Angeles to a year-high in Week 42, according to figures from Drewry’s. The peak season came early and seems to be experiencing a second wind
Demand growth and rates seen sliding back by end of the year however as tariffs finally kick in
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