White House moves create yet more stormy water on the transpacific
The 90-day tariff moratorium on US imports, except those from China, have failed to keep ...
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By Mike Wackett
Container spot rates from Asia to Europe look set to surge again, as carriers are obliged to blank sailings in response to the Suez Canal blockage.
The Loadstar understands that shipping lines are considering introducing a Cape surcharge for vessels that are diverted around Africa to recover the extra cost of bunker fuel consumed in the additional seven to 10-day transit.
Christoph Baumeister, senior trade manager, Asia/ISC Europe at Flexport, said the grounding of the Ever Given in the Suez Canal “had ...
Comment on this article
Henry Gorski
March 26, 2021 at 3:10 pmGiven the amount saved by not transiting the Suez, there is only a small incremental cost increase in fuel, If the vessels await the opening then the delay could be perhaps of an equal duration. The transit cost is not insignificant for a vessel of this size !