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” ...
By Mike Wackett
Container spot rates this week reacted positively to carriers’ 1 May GRIs, gaining more than 30% to North Europe and 22% to the US west coast.
Today’s Shanghai Containerized Freight Index records a jump of $190 per teu, or 32.5%, for rates from Asia to North Europe to $774 per teu.
The welcome recovery for carriers in the North European spot business restores rates to the level of mid-March after several weeks of erosion.
However, rates need to improve significantly further to match the level of ...
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