Transpac spot rates crash as pre-tariff demand for US imports from Asia fades
Container spot freight rates on the transpacific eastbound routes from Asia to the US west ...
PEP: ACTIVIST INTERESTPLD: SECURING FUNDING FLEXIBILITYMAERSK: CAUTIOUS AT PEAK FWRD: UPS AND DOWNSCHRW: NEW RECORDCHRW: BUILDING ON STRENGTHFDX: GETTING OUTAAPL: AI POWERDSV: NEOM PROJECT RISK HLAG: 'USTR RISK' HLAG: INVENTORY LEVELSHLAG: CRYSTAL BALL
PEP: ACTIVIST INTERESTPLD: SECURING FUNDING FLEXIBILITYMAERSK: CAUTIOUS AT PEAK FWRD: UPS AND DOWNSCHRW: NEW RECORDCHRW: BUILDING ON STRENGTHFDX: GETTING OUTAAPL: AI POWERDSV: NEOM PROJECT RISK HLAG: 'USTR RISK' HLAG: INVENTORY LEVELSHLAG: CRYSTAL BALL
The poor old Panama Canal is having a tough time – and now comes news that its customers are leaving to ply the Suez Canal instead, which takes much larger ships. “An extra Suez loop adds nearly twice as much capacity as an existing Panama loop,” wrote Drewry. It is also becoming more attractive to carriers coming from southern China. But, believes the consultancy, ships will switch back to the Panama route once it can accommodate larger vessels – so long as its tolls are reasonable.
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