End of de minimis will bring turbulence for airfreight shippers and forwarders
Shippers and forwarders with long-term commitments for transpacific aircraft capacity could find themselves in a ...
Cheng Cheng-Mount. Photo: Cecilia Chang
Record newbuilding orders and the reduction in vessel queues on the US west coast is threatening a sharp correction in freight rates, according to Yang Ming chairman Cheng Cheng-mount
The Shanghai Containerized Freight Index closed at 4,177.30 on 29 April, down 18.68 points from the previous week, marking a nine-month low.
And Mr Cheng said, at a media briefing, Yang Ming must improve its financials to brace for “freight normalisation”.
He said lockdowns in China and the Russia-Ukraine war could ease the logistics ...
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