Boxship rates rise amid surging Asia-US volumes

Liner operators sending goods from China to the US are seeing much higher rates as Asia-US containerised import volumes continue to surge.

Imports shot up 28.6% year on year last month, marking the seventh consecutive double-digit rise, according to Piers data from IHS Markit.

More than 1.35m teu of containers arrived at the US from Asia in March after volumes fell 16.7%