No tarnish from Golden Week – S&P Global Platts container update, September 2020

Corp - Shipping 836 Energy - Bunker Fuel 83 Global 1204 Mode - Containerized 1300 Mode - Seaborne 1627 Theme - Rates 189

Expectations of a drop in container shipping rates heading into the Golden Week holiday appear to have been confounded. Demand for shipping services has remained robust, shown by a 16% year over year surge in U.S. seaborne imports in the first half of September, while complications from the positioning of empty containers remains a challenge. The container-lines have a fine line to walk with a desire to keep rates high ahead of the annual contract round on the one hand and avoiding antitrust interventions on the other. The firms will also have to deal with a potential no-deal Brexit and ...

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