The emergency increases in bunker fuel rates by Maersk and MSC among others will likely attract customers’ ire. Appliance maker Electrolux has already publicly expressed dissatisfaction, noting that contract rates were only recently negotiated. The rate increase is significant for Electrolux as its international shipping has expanded. U.S. seaborne imports of the company’s products climbed 16% in the past 12 months to reach a new record in April. That’s come as a 1.5x rise in shipments of refrigerators have offset lower washing machine sales due to American safeguarding duties. Maersk...
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