A Trump presidency would put pressure on ocean rates and Asian exports
If Donald Trump becomes US president again next year, there will be more pressure on ...
© Igor Gromov
This year, container freight rates will be determined by how liner operators control shipping supply, rather than actual cargo demand, predicted a key South Korean shipping researcher.
Korea Maritime Institute (KMI) shipping research director Ko Byung-woo told the 2023 Oceans and Fisheries Outlook conference last week shipping lines had concurred that stabilising freight levels, rather than raising market share, would maximise profits.
He said: “The fight for market share hurt the container shipping market, but today, following consolidation, the liner industry is ...
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