Freight rate war looming as Cosco holds line on US port fees
- Chinese giant has signalled it will match rates with rivals on US services despite looming US port fees
- Analysts warn the move may spark a transpacific price war as rivals escape the charges and demand outlook weakens
Cosco has vowed to maintain US services despite new port fees that could cost the group more than $1bn in six months, a stance analysts warn may trigger a price war as non-Chinese rivals avoid the charges against a backdrop of weakening US demand
