MSC and Maersk were the best performing of the top container-lines on U.S.-inbound routes in June. Maersk’s westbound Transpacific price increase follows withdrawals by THE and MSC. Big tech appears worried rather than panicked by new duties on Chinese exports by the U.S. Also: Virginia had another bad month in June while Oakland scored a A-grade; U.S. trade price inflation supports a further decline in the deficit, but Chinese imports may spoil the party; Citigroup management see little impact from the trade war so far; there may be light in the tunnel for container rates; Italy won’...
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