Rates still slipping as peak season recedes and port strike threat subsides
Freight rates are continuing their downward correction following the premature peak season and front-loading of ...
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By Alex Lennane
Interesting analysis from Drewry about Indonesia, a country which is beginning to attract significant investment from manufacturers, 3PLs and infrastructure providers. It is also well known for having high logistics costs, running at about 25 to 30% of annual GDP. But a new container terminal could ease congestion and reduce costs for shippers forced to use feeders via other Asian hubs, and allow more direct routes to the world’s fourth most populous country.
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