Samuel Dobson

MARKET UPDATE – JULY 2023 Transpacific freight rates recovered slightly throughout July as they began to bounce back from the lows of late June. July closed out with freight rates noticeably above that of a month ago, with Asia-US West Coast rates rising 13% M/M to $1,366, but still 81% lower Y/Y. Meanwhile, Asia-US East Coast rates also rose toRead more

MARKET UPDATE – JUNE 2023 Transpacific freight rates spiked upwards in early June before sharply sliding back down as the month went on. June ended with freight rates heading back down towards where they had seemingly plateaued over the course of March and April. At the end of June 2023, Asia-US West Coast rates dipped to $1,209, representing a 15%Read more