$1.5m China-built ship charge would bring return of US port congestion
The million-dollar-plus charges for Chinese-built vessels calling at US ports would unsurprisingly put inflationary pressure ...
As shippers, carriers and forwarders look to index-linked contracts (ILAs) to mitigate risk to capital amid Red-Sea freight-rate volatility, Matthew Gore, partner at shipping law firm HFW, warned of potential flaws in the system.
Yesterday, Xeneta revealed that a shipper with an ILA may use 40ft containers (feu) to transport their goods, but their contract is tied to a 20ft equivalent container index (teu).
It said: “Global ocean trade is dominated by 40ft containers, yet many ILAs benchmark against teu indices ...
Volcanic disruption at Anchorage could hit transpacific airfreight operations
Shippers snap up airfreight capacity to US ahead of tariff deadline
Forwarders stay cool as US 'liberation day' tariffs threaten 'global trade war'
New price hikes may slow ocean spot rate slide – but for how long?
Tighter EU import requirements proving 'a challenge' for forwarders
Supply chain delays expected after earthquake hits Myanmar
Looming Trump tariffs will create 'a bureaucratic monster' for Customs
Comment on this article
Walter Kemmsies
June 21, 2024 at 3:24 pmThis is a great opportunity for a Wall Street company to provide 40ft contracts and make it easy to hedge 20ft contracts with 40ft contracts, or vice versa. If anyone is interested in making such a connection, they should contact me.