White House moves create yet more stormy water on the transpacific
The 90-day tariff moratorium on US imports, except those from China, have failed to keep ...
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By Mike Wackett
Container spot rates from Asia to Europe and the US held up reasonably well this week, on good vessel utilisation levels, but the outlook for carriers is increasingly uncertain.
The Shanghai Containerized Freight Index (SCFI) recorded a 4.1% decline for North Europe, to $764 per teu, which is still some 17% higher than the same week of a year ago, when even traditional heavy fuel oil was around a third more expensive than the compliant low-sulphur fuel.
But the trade is sending ...
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