Drewry cautions TP rate hikes won't stick

Consultants

Thursday, August 02, 2012

Transpacific ocean carriers may find it hard to get planned rate increases on the eastbound trade to stick, according to London-based research and consultancy firm Drewry. Drewry’s container rate benchmark from Hong Kong to Los Angeles ticked up 3 percent in the last week to $2,542 per FEU, about $71 per FEU higher than the week prior. But that’s far below the $500 per FEU lines are seeking from Asia to the U.S. West Coast. In mid-July, the Transpacific Stabilization ...

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