Rivalry between carriers and forwarders could drive Gulf rates down
Competition between carriers and forwarders could be set to drive Gulf rates down, according to ...
By Sam Whelan
Shipping lines have “moved first” to lower spot rates and undercut forwarders, fearing a deteriorating market.
However, supply chain bottlenecks could yet “save the day” for carriers by propping up long-term contract rates.
According to Sunny Ho, executive director of the Hong Kong Shippers’ Council, forwarders have ...
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