Mixed signals in transpacific as rates to Europe continue to slide
- SCFI and WCI global composites fall 3% week on week, driven by lower European spot rates
- Transpacific indexes generally show rates rising at a slower pace, but there are disparities
- Spot rates still falling on Asian routes to both North Europe and Mediterranean
Transpacific rates continue to increase, but expectation is that the rebound will be moderate and short-lived. Meanwhile, Asia-Europe rates are showing increasing weakness
