CH Robinson Warns On Capacity as Liners’ Fortunes Appear to Improve — Panjiva


CH Robinson Warns On Capacity as Liners’ Fortunes Appear to Improve

Corp - Forwarders 157 Corp - Shipping 608 Energy - Bunker Fuel 63 Energy - Crude Oil 194 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Rates 141

The global container shipping industry saw improved conditions in August after average rates rose 3% vs. the end of July to reach the highest since February. China-U.S. routes did best with a 16% rise in east-coast U.S. bound rates and 11% on west coast lanes. That’s likely to be a response to the widening trade war between China and the U.S. which currently touches $100 billion of bilateral trade but will widen by a further $260 billion in September. Forwarder CH Robinson has indicated that has led to capacity constraints due to the resulting earlier peak shipping season as exporters ai...

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