Asia-US west coast spot rates start to stabilise after steep slide
- SCFI assessment for Asia-US west coast fell only $194 per feu versus the prior week, just one-seventh of the downward pace in the previous two weeks
- Data from Vizion shows that US import bookings have been more stable over recent weeks
- Shares of container lines sank after ‘Liberation Day’, jumped when US tariffs on China were reduced, then fell back to where they started
The bad news for shipping lines: transpacific rates continue to slide. The good news: rates from Asia to the US west coast may be stabilising near the same levels they were when US President Donald Trump announced his tariff reprieve
