News / Shippers adjust to Cape diversions, now they want freight rates to settle

© Chris Troch

Asia-North Europe shippers have adapted their supply chains to the longer transit times around Africa, but now they need freight rates to settle at an acceptable level.

Moreover, container hub ports seem to be coping well with the arrival of off-schedule vessels.

All the major carriers are diverting their Asia-Europe services around the Cape of Good Hope, rather than transiting the Suez Canal, with several temporarily adjusting their proforma networks and providing helpful revised ETAs to customers. CMA CGM were the latest ...