US shippers warn revived China ship fees could ‘eliminate’ ag exports
US agriculture exporters are gearing up for another fight over Washington’s plans for penalties on ...
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GM: TRADING UPDATE OUTUPS: REMEMBER THE TAILWINDS PLD: NEW RELEASEPLD: OUCHVW: NEW PARTNERS SOUGHTEXPD: AIRCRAFT ON GROUND SERVICESTSLA: JUST AS VW STRUGGLESBA: NEW BIG ORDERBA: THE ORDERBOOK GROWSPLD: PUSHING FOR A DEAL PLD: TIME TO DEALEXPD: ANOTHER ALL-TIME HIGH CHRW: NEW RECORD DSV: AHEAD OF EARNINGS RELEASE JBHT: NEW HIGHS EVERYWHERE
The argument over the apparent refusal of many container lines to accept US agricultural export bookings in preference to returning empty containers back to China in recent months shows no sign of going away. This exhaustive analysis by industry analyst Lori Ann LaRocco, published by CNBC, has established that container shipping lines rejected some 177,938 teu of US export shipments in October and November, which is likely to lead to renewed calls for greater Federal Maritime Commission enforcement of the country’s Shipping Act. “This data and the impact on our economy is potentially very troubling, but unfortunately not altogether surprising,” FMC commissioner Carl Bentzel told CNBC. “These numbers track pretty consistently with the complaints that we have been receiving consistently for the last four or five months.”
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