Pre-tariff rush of goods from US to China sees air rates soar, but not for long
Beijing’s decision to impose higher tariffs on US goods has led to a rush of ...
By Mike Wackett
Carriers are knocking on the doors of shippers, offering discounted rates for December sailings from China to Europe, as bookings begin to tail off.
However, there is no evidence of a market crash, and rates are likely to gain a new head of steam in January ahead of the Chinese New Year holiday, which falls on 1 February.
According to the Ningbo Containerized Freight Index (NCFI) commentary, spot rates continued to soften this week, albeit from highly elevated levels.
“There was a surplus ...
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