News / Carriers put the frighteners on shippers, but rates uptick 'just a blip'

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The recent uptick in container spot rates is “transitory”, according to maritime consultant Drewry, which remains “unconvinced freight rates have bottomed-out” and expects carrier losses.

Senior manager Simon Heaney said: “I think carriers have done a pretty good job in frightening shippers that more capacity reductions would follow if GRIs were not at least partially successful.”

Indeed, some UK-based shippers The Loadstar has spoken to in the past few weeks have been advised by their carrier reps of further rate increases on the ...