No Golden Week For Containers – S&P Platts Container Update, September 2019 — Panjiva


No Golden Week For Containers – S&P Platts Container Update, September 2019

Corp - Shipping 668 Energy - Bunker Fuel 69 Global 861 Mode - Containerized 1084 Mode - Seaborne 1375 Theme - Rates 152

The container industry suffered yet another lackluster month in September. With the prospect of the Chinese Golden Week break and the new International Maritime Organization 2020 sulfur cap looming large over the market, rates have struggled to improve. Thrown into the mix is of course are the same geopolitical issues that continue to dog the market on the key trade lanes. Ongoing tensions between the US and China, which have been leaving rates weaker on the trans-Pacific lane, and Brexit dominating the landscape in Europe, have left many shippers concerned. To manage these falling rates...

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