SHIPPING: Asia-US container rates surge as volumes pulled forward ahead of strike, tariffs

Rates for shipping containers from east Asia and China to the US surged this week as importers pulled volumes forward ahead of the possible restart of the US Gulf and East Coast port strike and anticipated tariff hikes under the incoming Trump Administration. Rates from Asia to both US coasts had been trending steadily lower …

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VLCC Market Looks Bottomed Out

Clean LR2 MEG LR2’s dipped a little this week, however there has been enough enquiry to prevent complete crumbling of the market. TC1 75kt MEG/Japan lost 3.06 points to WS106.94. A trip West on TC20 90kt MEG/UK-Continent shed $212,500 to $3.06m. West of Suez, Mediterranean/East LR2’s on TC15 remained at the $3.1m level for the …

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