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 ...
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By Mike Wackett
Less than a week after Taiwanese container line Yang Ming reported its first net profit in 10 quarters, media today reported that the carrier is on the verge of ordering ultra-large container vessels (ULCVs).
The unconfirmed reports follow industry rumours last week that Hyundai Merchant Marine (HMM) was about to join the ranks of CMA CGM and MSC by ordering 14 22,000 teu vessels.
HMM has since denied the reports and Yang Ming has yet to respond, but with Asian yards desperate for ...
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