Attempts by container lines to boost rates on the main Asia-Europe trades in the last weeks of the peak season, via 1 September general rate increases (GRIs), appear to have faded, with average ocean freight spot rates for last week and this week showing slight declines. This indicates that this yearâs ocean freight peak season may not be as strong as the rate and volume recovery in the first half year had suggests. GRIs, in the initial week of September, have been deferred, the peak season rate growth is expected to be moderate this year Transpacific freight rates for this week were also slightly below last weekâs levels. Average spot rates on routes from Asia to the US west coast fell 3% , and spot rates from Shanghai to the US east coast fell by 5.7%. Contact our commercial team to bring your contracts in to line with current rates.. |