Asia-US spot rates pushed to new highs, despite warnings from China and FMC

September 18, 2020 Mike Wackett

Container spot rates from Asia to the US, including space guarantees and equipment priority fees, have topped $4,000 per 40ft to the US west coast and $5,000 to the east coast.
Despite “guidance” by the Chinese Ministry of Transport and a warning by the US Federal Maritime Commission (FMC), several carriers have pushed ahead with their 15 September GRIs.
The FMC warned it may seek an injunction for a ‘collusion’ breach of ...

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