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Asia Pacific Containers Political Risk and Trade

Carriers quizzed by China over transpacific rate surge

Cosco and Maersk are among six companies asked by China’s transport ministry to explain a recent rate rise on the Sino-US trade. However, carriers and analysts argue that the markup is mainly driven by a rally in US demand and the current ship capacity is more than that on offer a year ago

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Shippers’ accusation of profiteering by carriers would only make sense if China was still a ‘planned economy’, said one executive

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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