Shipping Rates Set to Rise; Importers Race to Bring in Goods From China
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Shipping companies are gearing up for a surge in shipments out of China and a rise in shipping rates, after the U.S. and China agreed to a 90-day tariff rollback. German shipping company Hapag-Lloyd said it might reverse a decision earlier this month to send smaller vessels to the U.S. Freight forwarders in Singapore and China said big carriers have sent notices that freight rates will rise by about $900 for sailings in the second half of May, up from the current daily container rate of around $2,200.
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