Watch US, China, Taiwan, and nearshoring closely, Xeneta advises
NewsEmily Stausbøll explains how disruptions in US tariffs, tensions in China and Taiwan, and nearshoring could impact shipping rates and capacity.
The March increase pushed the hike in shipping price to 96.7% year-on-year. The rise, revealed in the latest Xeneta Shipping Index Public Indices for the contract market, further boosts the coffers of leading carriers, with Evergreen the latest name to disclose record annual revenues of US$17.67B (a fourfold increase on 2020)
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