Seasonal demand is believed to fuel most of the moderate pricing gains, with the impact of a driver licensing crackdown perhaps affecting outbound lanes from Southern California.
But forwarders say the effort by liners to end a four-month decline in rates may lose steam after a week or so given generally weak market fundamentals.
China’s new port fees on non-China-made vessels that are US-flagged or owned or controlled by US companies are forcing the Gemini Cooperation partners to transship via South Korea to avoid the multimillion-dollar hit.
