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OVERCAPACITY, NOT TRADE WARS, TO BLAME FOR FALLING DEMAND ON ASIA-US EAST COAST’

Oversupply of shipping capacity rather than trade wars caused the recent rationalisation in transpacific and Asia-US east coast container services, with US tariffs on Chinese goods largely hitting non-containerised goods, so far. Last week, 2M and Zim agreed to combine their Asia-US east coast container services, dropping from seven independent …

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