Vietnam joins pressure on container lines to address soaring rates — Panjiva
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Vietnam joins pressure on container lines to address soaring rates

Corp - Shipping 976 Mode - Containerized 1468 Mode - Seaborne 1801 Theme - Rates 234 U.S. 5317 Vietnam 374

The Vietnamese government will launch a probe into elevated container shipping rates which have caused “difficulties for businesses, increasing transportation and storage costs, affecting production and distribution of goods”. That joins probes, investigations and new legislation in China, India, South Korea and the U.S. Vietnamese exporters have seen a surge in shipments to the U.S. in the past two years that has started to slow. U.S. seaborne imports from Vietnamese ports climbed 11.9% year over year in Q4’20. The top four liners accounted for 50.0% of traffic in Q4’20. The largest was...

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