AJOT | September 01, 2020 | Maritime | Liner Shipping
Key insights:
1 Ocean demand out of China to the US continued to outstrip capacity this week as rates increased again, marking the sixth GRI since the end of May and pushing China-US East Coast rates past the $4,000/FEU mark.
2 The pandemic (and trade war) have not reduced US SMB interest in imports from China. Freightos.com marketplace search data show that China’s share of importer freight searches trended down through 2019 to a low of 88% in January. But since the rebound in US imports in June, shippers are focusing on Chinese suppliers again, as China captured 91% of searches in August.
