Asia-U.S. Container Spot Rates Tumble 21% as Demand Enters Seasonal Lull

Transpacific Freight Rates in Freefall Despite Global Disruptions

Container shipping spot rates on the benchmark Asia to U.S. West Coast trade lane have tumbled 21 percent over the past seven consecutive weeks, falling to $1,916 per forty-foot equivalent unit according to the latest data from the Freightos Baltic Index, as a pronounced seasonal demand lu…