Trans-Pacific Spot Rates Rise 20 Percent

Trans-Pacific spot rates rose 19.9 percent in the last week, indicating that the carriers’ April 15th rate increase is holding. NVOCCs reported paying $2,405 per 40-foot equivalent (FEU) this week, up from $2,005 last week, and 68 percent higher than the $1,436 rate from last December.  Rates stand 34 percent above where they were a year ago.

Carriers have been increasing the rates this year in an effort to regain losses estimated around 6 billion in 2011.