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Container carriers are increasingly confident they can fully recover the higher costs of the global low-sulfur fuel mandate through annual trans-Pacific contracts. One study estimates added costs of up to $265 per FEU from Asia to the US West Coast and $700 per FEU to the East Coast.
If carriers recoup these costs through contracts, container freight rates would rise after the mandate takes effect. The effect on bulk grain freight is less direct.
joc.comBill Mongelluzzo, Trans-Pacific }Apr 2, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
