Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
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By Mike Wackett
Shippers are bracing for a further broadside of rate increases in June across multiple trades, as ocean carriers beef up profits ahead of the peak season.
After a period of stability, following hikes of up to 200% in the second half of last year, transpacific carriers are rolling out a raft of new GRIs, effective 1 June.
For example, Hapag-Lloyd is advising its Asia to North America rates will rise by $1,200 per 40ft.
Meanwhile, today’s Freightos Baltic Index (FBX) readings for Asia ...
Comment on this article
Gary Ferrulli
April 30, 2021 at 2:24 pmAfter losing $30. Billion in last 10 years, a welcome result to a capital intensive industry.
Peer Borgmann
May 03, 2021 at 6:39 amIt´s insane. Fully understand the equipment issues, but nobody can tell me that rates around 14k from Asia to the UK are justified.