Shipper fury as spot rates soar - and box lines ignore contracts
The sense of genuine anger amongst North European shippers and freight forwarders was palpable this ...
Despite steel prices rising, new containers are unlikely to become more expensive, the boss of the world’s largest box manufacturer said last week.
China International Marine Containers (CIMC) chairman Mai Boliang was addressing concerns about prices during the company’s annual general meeting.
However, prices of new containers are more than double that of a year ago, due to heightened demand and well-publicised equipment shortages.
And this year Chinese steel prices have increased by around 40%, according to data from the China Iron and ...
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