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SCFI spikes as transpacific spot rates post record weekly gains

  • SCFI rate spot assessment to US west coast surged 58% week on week; assessment to US east coast jumped 46%
  • Spot rates are still down year on year, but gap is narrowing for transpacific trades
  • Higher bookings spurred by tariff reprieve, together with normal seasonal upswing, are pushing up spot rates

US importers are bringing in more cargo from China, despite extreme uncertainty over tariff levels, pushing transpacific spot rates to much healthier levels

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