Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
© Reniutami
Major container shipping lines that withdraw services from Iran, following the re-imposition of US sanctions, could inadvertently fall foul of EU legislation.
These regulations are designed to protect European companies from being sanctioned by US regulators.
In May, president Donald Trump announced the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), taking place in two phases stretching between three and six months, and would see multinational companies with extensive operations in the US – such as global shipping lines – targeted ...
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