'More pronounced' demand slump drives container spot freight rate declines
Container spot freight rates on most of the main shipping trades saw another week of ...
Photo: VesselFinder
By Alison Koo
About 1.29m teu of ocean capacity – equivalent to 17% of the containerships calling at US ports – could be affected if the US acts against perceived Chinese dominance of shipbuilding, according to consultancy Linerlytica.
On 16 January, following a nine-month probe, the US Trade Representative (USTR) deemed that China had targeted the global shipbuilding, maritime and logistics sectors for commercial domination, actions found to be “unreasonable” and “actionable” under the US 1974 Trade Act, Section 301.
The USTR did not suggest ...
Comment on this article
Elton Tan
January 22, 2025 at 4:47 amThis trade war is getting really annoying and silly. End of the day, exporters, importers and the end users will need to pay the ultimate price because of this. This is regressing instead of progressing.