As carriers to struggle with overcapacity, the impact of potential US automotive tariffs is only likely to worsen the situation, with the country’s ports also set to suffer.
This was the finding of shipping consultant Drewry, which assessed three potential tariff scenarios being considered by the US administration.
Senior analyst for ports and terminals Neil Davidson said the findings were based on the assumption that tariffs are set in May.
“We’d then expect …
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Source: The Loadstar