By Mike Wackett (TheLoadstar) Container spot rates on the transpacific have continued to soar as shippers scramble for space to beat 1 September US import tariff hikes. Anecdotal reports from China suggest carriers are obtaining substantial premiums in return for guaranteed loading of containers. This week’s Shanghai Containerized Freight Index (SCFI) recorded a … [Read more...]
BIMCO: US-China Trade War is All About the Eastbound Transpacific Trade Lane
When two of the world’s top trading partners, get entangled in a stand-off, where the outbreak of a trade war could become the extended tool of intense negotiations, we’d better prepare for what may come. While hoping that it will never take place. (BIMCO) - The US is China’s largest trading partner measured by value – and China is the largest one-country trading partner … [Read more...]