GCTL8.com (FocusAsia Media Ltd)

CHICAGO, Nov 22 (FAM) – Drewry anticipates further rate erosion on transpacific routes in the weeks ahead due to the low season and the current supply levels, with rates on the major east-west trades continuing their downward trajectory over the last two weeks.

Last week’s SCFI projects spot rates of $1,687 per feu this week on the Asia-US west coast trade, a fall of 6.7% on the previous week, and a 1.8% drop on the Asia-US east coast trade to $2,623 per feu, while Drewy’s Hong Kong-Los Angeles container freight rate benchmark, reporting actual rates traded in the market last week, fell 10% to $1,661 per 40 ft unit.