More pressure on transpacific rates as carriers bet on a China-US trade deal
Mainline operators are pushing for higher transpacific rates in May, betting on a trade deal ...
Growth at US west coast ports has been overshadowed by increases for the Canadian hubs of Vancouver and Prince Rupert and, to a lesser extent, by east coast ports.
Drewry’s 10-month analysis of the Asia-North American headhaul trade reports that between January and October US west coast imports increased 1.4% year-on-year, while east coast ports recorded a 6.6% volume rise.
However, the Canadian berths saw a massive 18% hike in Asian imports as the US terminals faced an “uphill struggle” to “limit the seepage”, ...
European port congestion now at five-to-six days, and getting worse
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