Hormuz crisis could curb box shipping demand but no fallout yet
- Transpacific rates, while rising, are not at high levels; SCFI Shanghai-US west coast index is at $2,552 per feu, up 8% vs last week
- US imports in March were in line with the same month last year, at 2.35m teu; it was the fourth-best March on record
- Asia-Europe spot rates rose following Chinese New Year, but peaked in mid-March, and are down single digits from recent highs
Mainline container shipping indexes remain in a normal range, with spot rates rising in the transpacific and edging down in Asia-Europe lanes
