Average spot rates on the eastbound trans-Pacific trade surged by 20 percent this week as carriers put a peak-season surcharge into effect on June 10.
The Drewry benchmark rate for shipping a 40-foot container from Hong Kong to Los Angeles rose to $2,700 per FEU this week from the level of $2,250 per FEU last week.
The increase indicates that the Transpacific Stabilization Agreement carrier members were able to nail down more than two-thirds of the peak-season surcharge of $600 per FEU that the TSA recommended on May 9.
