Maersk to CMA-CGM Switch Made No Difference as Electrolux Rails Against Rate Rises — Panjiva
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Maersk to CMA-CGM Switch Made No Difference as Electrolux Rails Against Rate Rises

Corp - Shipping 1030 Industrials - Capital Goods 623 Mode - Containerized 1525 Mode - Seaborne 1846 Tariffs 1870 Theme - Rates 240 U.S. 5404

The emergency increases in bunker fuel rates by Maersk and MSC among others will likely attract customers’ ire. Appliance maker Electrolux has already publicly expressed dissatisfaction, noting that contract rates were only recently negotiated. The rate increase is significant for Electrolux as its international shipping has expanded. U.S. seaborne imports of the company’s products climbed 16% in the past 12 months to reach a new record in April. That’s come as a 1.5x rise in shipments of refrigerators have offset lower washing machine sales due to American safeguarding duties. Maersk...

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