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Alphaliner says carriers earn up to $1.30 per nautical mile on spot China-US West Coast container shipments, making the transpacific the most lucrative major container trade. Shanghai-US East Coast spot rates have stayed above $10,000 per 40ft since late August.
Strong transpacific container returns encourage carriers to add capacity, which may limit how long freight rates stay elevated, but it signals high ocean freight costs for shippers of feed ingredients moving on containers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.