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You are here: Home Archive 2009 July Weekly Edition 9th of July 2009 Pacific box rates plumb new lows

Pacific box rates plumb new lows

by Janet Porter, London last modified Jul 09, 2009 04:33 PM

TRANSPACIFIC freight rates continue to weaken, with the spot market hitting new lows at a time of year when lines should be preparing for the peak season.

Drewry Shipping Consultants, which depicts an exceptionally bleak future for the liner shipping industry in its latest market review, estimates that average rates for Hong Kong to Los Angeles cargo fell to just US$900 per 40 ft loaded container over...

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