News / Declining Asian exports another blow to transpac contract hopes

Port of Shanghai Photo 151274521 © Anekoho Dreamstime.com

Port of Shanghai © Anekoho Dreamstime.com

25/04/2023

China’s May Day holiday, lasting five days from Saturday, will delay liner operators’ planned rate increases, and cargo volumes ex-Asia have dipped below expectations, further hampering contract negotiations with transpacific shippers.

Shipping line hopes were raised on 14 April, when the Shanghai Containerised Freight Index showed ...

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