Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
By Mike Wackett
US west coast ports suffered most from a “tariff hangover” effect in 2019’s first three months, said Drewry Maritime Research in a new research note today.
Transpacific imports were down some 19% on the previous quarter and by 3% year on year.
However, PIERS data for the first quarter did record growth for Asia to US east and Gulf coast ports at 4% on last year, said the consultant.
“The west coast market was always likely to suffer the most from a tariff ...
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