Trans-Pacific Container Rates Becalmed in Eye of Trade Storm
Ocean container rates on the key eastbound route from Asia to the United States were the eye of the storm last week as shippers pulled back amid the latest trade war chaos.
“Trans-Pacific container prices were stable last week as well, with reports that carriers are starting to offer discounts,” said Judah Levine, research chief for shipping analyst Freightos (NASDAQ: CRGO), in a note to clients. “Rates starting to slide a little earlier than usual [after the Lunar New Year holiday] suggests carriers are working to capture volumes that may be proving weaker than expected, as retailers exercise caution in ordering decisions given the trade war-driven uncertainty...
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