Hapag-Lloyd Feels The Pain of Trade War With Lower Volumes, Delayed Rate Rise — Panjiva
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Hapag-Lloyd Feels The Pain of Trade War With Lower Volumes, Delayed Rate Rise

Corp - Shipping 943 Mode - Containerized 1430 Mode - Seaborne 1764 Theme - Rates 219 U.S. 5242

Hapag-Lloyd has postponed an increase in its peak season surcharge on shipping rates from Asia to the U.S., potentially in relation to the drag of tariffs on Chinese exports. That’s followed a 0.7% slip in China to U.S.-West Coast rates between Jul. 1 and Sept. 12. Lackluster demand growth in U.S. seaborne, inbound shipping in August of just 0.2% year over year brings the three-month average to a rise of just 0.1%, the lowest rate since Jun. 2016. Hapag-Lloyd has seen a reversal in fortunes in its U.S. inbound volumes with a 0.5% year over year drop in August after a 4.1% rise in the pri...

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