Cosco slams US port fees as other carriers reckon with potential costs
Shippers and ocean carriers told the Journal of Commerce they are reviewing the USTR actions to estimate how the fees will flow down to freight costs.
Asia-US blank sailings exceed early pandemic levels: analyst
Container lines have blanked at least 80 sailings this month compared to 51 in March 2020, when volumes crashed amid early COVID-19 lockdowns, according to Sea-Intelligence Maritime Analysis.
Asia-US blank sailing forecast for May increasing amid cancellations
The increase in blank sailings coincides with the Port of Los Angeles’ expectation that container volumes will plunge 14% month over month in week 18 and 38.6% in week 19.
US apparel shippers brace for tariff-driven volume decline
Apparel importers are concerned that tariffs on China will do harm given more than 4 out of every 10 shipments of the product come from China.
Scaled back USTR port tariff to hit Chinese carriers hardest
The US Trade Representative (USTR) laid out actions to counter China’s maritime dominance that could put Cosco Shipping and subsidiary OOCL on the hook for millions when their ships call the US.
Project cargo carriers move to shield themselves from US port fee proposal
Carriers in the specialized cargo sector are designing contracts that would shift the cost of the US’ possible tax on Chinese tonnage to heavy-lift and project cargo shippers.
Port of Seattle sues city council to halt possible development project
A lawsuit filed this month by the port authority claims the council’s recent rezoning of industrial land could eventually lead to the development of residential units and an increase in vehicular traffic in the harbor area.
US exporters see rise in canceled orders from Chinese buyers amid tariff war
The export decline is already showing up in some data, with bookings for US exports to China for the week of April 8-15 down 5.4% from the prior week.