Trade War Gives, Trade Peace May Take Away From the Shipping Sector — Panjiva


Trade War Gives, Trade Peace May Take Away From the Shipping Sector

China 1758 Corp - Shipping 608 Energy - Bunker Fuel 63 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Rates 141 U.S. 3297

The container shipping industry saw a marked improvement in conditions in November. Average rates for shipping out of China increased by 3.4% vs. the end of October, including a 13.2% rise in rates for services to the U.S. east coast. That’s in part due to accelerated volumes as shippers tried to beat higher tariffs between the U.S. and China. Hapag-Lloyd’s latest rate rise may mean more of the same lies ahead. At the same time bunker fuel costs dropped 17.6% as a result of the collapse in oil prices. As a consequence the average gross margin for container-lines – container rate less fue...

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