Maersk Bets Blink By MSC and THE Will Support Westbound Transpacific Rates — Panjiva


Maersk Bets Blink By MSC and THE Will Support Westbound Transpacific Rates

China 1762 Corp - Shipping 610 Mode - Containerized 1007 Mode - Seaborne 1275 Theme - Rates 141 U.S. 3310

Maersk has increased container rates for westbound Transpacific shipments for the coming fall. That would suggest it is confident about return volumes tied to the coming peak shipping season from Asia. The main risk comes from the escalating tariff war between the U.S. and China that could cut volumes in both directions. Furthermore, the price increase coincides with the seasonal trough for U.S. exports (September being the second quietest month of the year), which in any event have only improved by 3% year-to-date on a year earlier. The more likely explanation is that Maersk expects the...

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