# Rachel Shames’ Market Update – Week 31/2020 - Capes Shipping Agencies

> Transpacific container rates were stable in week 31, with vessel space still tight. Carriers plan a rate increase of $300 to $500 per container on August 1. Air cargo rates out of Asia have risen on Hong Kong disruptions and limited passenger-plane capacity.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/10476-rachel-shames-market-update-week-31-2020-capes-shipping-agencies
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Container freight costs affect the cost of imported feed ingredients and packaged goods moving to Asia. Grain and feed commodity prices are not directly moved by this container-rate commentary.

## Sources

- capesshipping.net: https://capesshipping.net/rachel-shames-market-update-week-31-2020-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.