New Routes Not Helping Rates for Asia-U.S. Shipping — Panjiva
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New Routes Not Helping Rates for Asia-U.S. Shipping

Corp - Shipping 1026 Logistics 476 Mode - Bulk 139 Mode - Containerized 1524 Mode - Seaborne 1845 Mode - Tanker 187 Theme - Rates 239

After three weeks of financial administration, the impact on rates of Hanjin Shipping’s demise are being felt. The Baltic Dry Index is 31% higher so far in September, whilst China-U.S. west coast container rates are 20% higher according to the Shanghai Shipping Exchange indices. Hanjin Shipping is accusing other shippers of “gouging” customers with higher pricing.

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