Container Shipping Rate Increase Fades Quickly as Market Weakness Persists Toward Year-End
As the Christmas season approaches, market sentiment suggests that it is not an ideal time for container shipping companies to raise freight rates. Shipping alliances had originally planned to implement rate hikes on December 1. However, on the afternoon of December 1, an Asian member of a major shipping alliance unexpectedly announced that it would […]
New U.S. Tariffs Announced: Trump Threatens 15%-50% Duties on Most Countries
According to China Central Television (CCTV), on July 23 local time, former U.S. President Donald Trump announced that the United States would impose simple tariffs ranging from 15% to 50% on most countries around the world. Trump added that the U.S. is engaged in “serious negotiations” with the European Union. If the EU agrees to […]
