Spot rate destruction on the Pacific paused
**Spot Rate Decline on the Pacific Temporarily Halted as Alliances Implement Service Cuts**
The relentless decline in spot rates across the Pacific shipping lanes appears to have found a temporary pause. This shift comes directly on the heels of strategic decisions by major alliances to scale back services, aiming to bolster plummeting rates.
Following the complete discontinuation of the Asia to US West Coast PS5 service, the Premier Alliance is reportedly contemplating further reductions in its Pacific offerings. This aggressive approach is designed to inject stability into the volatile spot market. According to maritime intelligence platform eeSea, the Premier Alliance’s pendulum services, MD2 and FP2, are no longer operating on the Pacific, signaling a significant adjustment in capacity. While the cut to the FP2 service specifically indicates [further details missing from original text but implied], these moves collectively underscore a concerted effort to manage supply and demand in a challenging market environment.