Subscribe to RSS feedTranspacific rates down 27% on January 2009
CONTAINER lines suffered a huge erosion in transpacific freight rates during 2009, with those for eastbound spot cargo falling by more than a quarter over the past 12 months.
Drewry’s latest Hong Kong-Los Angeles benchmark ended the year at US$1,284 per 40 ft loaded container, compared with US$1,767 in the final week of 2008. That represents a drop of 27.4%. The index was above US$2,000 for much of 2008. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
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