USTR fee could price Chinese carriers out of US trades
The October implementation of the US Trade Representative port fees will mean a “forced concentration” ...
Singapore-headquartered container carrier Pacific International Lines (PIL) is to quit the transpacific trades.
“As part of Pacific International Lines’ (PIL) continuous effort to optimise its network efficiency, the company will be withdrawing its services from the transpacific market,” it said this morning.
It said PIL’s last transpacific sailing would be next month.
“The company has taken this decision as part of a wider strategic review of its business. Henceforth, PIL will focus on further strengthening its position in the north-south trade, such as ...
Asia-USEC shippers to lose 42% capacity in a surge of blanked sailings
Why ROI is driving a shift to smart reefer containers
USTR fees will lead to 'complete destabilisation' of container shipping alliances
New USTR port fees threaten shipping and global supply chains, says Cosco
Transpac container service closures mount
Outlook for container shipping 'more uncertain now than at the onset of Covid'
DHL Express suspends non-de minimis B2C parcels to US consumers
Comment on this article