The container shipping industry had a period of relative calm in May with global shipping rates falling by just 0.7% during the month. Rates for routes from China to the U.S. east and west coasts rose 6.7% and 2.5% despite the imposition of new tariffs and potential weakening of trade. S&P Global Platts see the additional demand from the forthcoming peak season offsetting the risk of lower volumes due to the tariffs. Marginal profitability for the container-lines improved due to a 10.9% drop in fuel prices during the month to their lowest since January. That could result in an im...
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