US Port Fees: No Freight Rate Hikes Expected

Shippers are unlikely to face increased freight rates despite the upcoming US port fees targeting Chinese-related vessels, according to the shipping trade body Bimco. The US Trade Representative (USTR) will implement these fees starting October 14, affecting a significant portion of the bulk, crude tanker, and container fleet. However, pressures on carriers to keep costs … Continue reading US Port Fees: No Freight Rate Hikes Expected