East-west freight rates continue rise; even transatlantic edges up
Container spot rates have continued their upward trajectory on the trunk east-west trades with double ...
Shipping lines are using rollovers to bump up freight rates, ’forcing’ the vast majority of shippers to pay no-roll premiums.
According to Cas Pouderoyen, head of ocean freight at Agility, around 80% of shippers feel they have to pay premiums of $400 to $500 per container on the deepsea trades.
“Otherwise, odds are, you’re going to be rolled,” he said.
“That’s happening with cargo going Europe-to-Far East, Far East-to-Europe and transpacific-eastbound. The latter is the worst, in terms of guaranteed space.”
Mr Pouderoyen described ...
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Comment on this article
Masimba Msipa
July 15, 2020 at 1:55 amWe are working on plans to construct a deepwater port at Coralinho in Mozambique…interested in potential traffic