Spot rates for shipping 40-foot containers from China to the North American east coast jumped 23% this past week, pushing the cost over $9,000 for the first time since the index was created. The big takeaway here is that capacity is probably tapped out into the west. The Freightos Baltic Exchange Daily Index (FBXD) measures …
The post Panama spread hits all-time high as shippers flee to east first appeared on Hellenic Shipping News Worldwide.