Story thread · 2 reports / 1 sources

Transpac rates set to stay high, despite slowdown to Golden Week

theloadstar.com · 16hShare

While global container shipping is entering its traditional fourth-quarter off-season, freight rates on the transpacific trade could stay high, according to Yang Ming chiefs. Yesterday, during an online investor conference, the Taiwanese shipping line executives pointed to a combination of Panama Canal constraints, limited effective capacity, persistent port congestion, and cargo shifts between US gateways as the key factors supporting rates. Since 26 August, the Panama Canal authority (ACP) has reduced the ... The post Transpac rates set to stay high, despite slowdown to Golden Week appeared first on The Loadstar .

First report: Transpac rates close in on Covid records as carriers pile in capacity — theloadstar.com, 2d