The container shipping industry continues to face elevated demand and port congestion which appear to offer little respite from elevated shipping rates. The challenges have moved on from being focused on Transpacific routes with shipments to the U.S. from India, for example, having faced a doubling in rates since September. There’s reportedly only been a minor pull-back in manufacturing in China during the lunar new year with congestion in U.S. ports being elevated for long enough that liners have rescheduled their services. Rates nonetheless held steady with Asia-to-U.S. west coast rate...
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.