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 ...
Shippers are bracing for a further broadside of rate increases in June across multiple trades, as ocean carriers beef up profits ahead of the peak season.
After a period of stability, following hikes of up to 200% in the second half of last year, transpacific carriers are rolling out a raft of new GRIs, effective 1 June.
For example, Hapag-Lloyd is advising its Asia to North America rates will rise by $1,200 per 40ft.
Meanwhile, today’s Freightos Baltic Index (FBX) readings for Asia ...
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Temporary tariff relief brings on early transpacific peak season
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Response to tariffs by Chinese importers may see extra costs for US shippers
Comment on this article
Gary Ferrulli
April 30, 2021 at 2:24 pmAfter losing $30. Billion in last 10 years, a welcome result to a capital intensive industry.
Peer Borgmann
May 03, 2021 at 6:39 amIt´s insane. Fully understand the equipment issues, but nobody can tell me that rates around 14k from Asia to the UK are justified.