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Latest From Mike King
Drewry's World Container Index climbed last week, but gains were mostly made on transpacific lanes
Despite higher rates, low utilisation will keep time-charter rates subdued for the remainder of 2018
An uptick in exports from China to the US ahead of the imposition of further tariffs looks likely to be short-lived
US trade boom under threat from tariffs but Asia-Europe trade lane remains subdued because of lower imports
Early reports of front-loading of cargoes and diminishing rates on the transpacific appear to be misguided as strong volumes are now predicted to continue
Spot rates on the transpacific are currently up by more than 50% over last year, while Asia-Europe rates sit 5%-10% above 2017 levels