Rates ticked up 0.6 percent on the Shanghai to Northwest Europe trade since last week, but slid 6.9 percent on the Shanghai to Mediterranean trade.
The ocean carrier alliance will skip the Oct. 11 voyage on its North Pacific 3 (NP3) service between Asia and the Pacific Northwest in response to “expected low demand in October,” member OOCL said in a statement.
The U.S. Department of Agriculture said the nation's agricultural trade surplus is also expected to increase to $19.5 billion, up 40 percent from $13.9 billion in fiscal year 2016.
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However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the ports of Los Angeles and Long Beach, saying it will cost them $29 million.
Representatives from the U.S. Embassy in Beijing met with the director general of China's Inspection and Quarantine Ministry to gain more information about how shippers can comply with China’s requirement that shipments from the nation be mosquito-free.