China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
Photo: © Marius Steinke | Dreamstime.com
By Alison Koo
South Korean flagship carrier HMM is diverting ships from transpacific services to its Asia-Middle East route, where cargo volumes and freight rates have held up better.
The US-China tariff war has seen transpacific volumes collapse, although liner operators are pushing for rate hikes in May, hoping both countries could resolve trade tensions.
HMM has two monthly Asia-Middle East sailings, but is redirecting the ships to create an extra Asia-Middle East sailing. One, the 13,000 teu HMM ...
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