Transpacific freight rates could surge by 50pc

This comes after 15 container shipping lines belonging to the Transpacific Stabilisation Agreement recommended rate increases of US$400 per 40-foot container (FEU) to US west coast ports and US$600 per feu to all other US destinations from April.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1144007/transpacific-freight-rates-could-surge-50pc