Stark reminder for all execs talking up SME exposure
The smaller, the more exposed to China
There seems to be no limit to what some shippers are prepared to pay to get containers onboard sailings from Asia to Europe and the US.
This week it appeared rate ‘offers’ in excess of $20,000 per 40ft are common on both tradelanes.
Indeed, The Loadstar has seen spot rates on offer from a top-five carrier this week for late July shipment from China to Felixstowe of $21,000 for a 40ft HC.
And there are anecdotal reports of premium space and priority discharge ...
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Keep our news independent, by supporting The Loadstar
Container spot rates diverge: to Europe still falling, but firmer to the US
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
Ecommerce likely the front-runner in resurge of transpacific trade after deal
China-US trade tariff pause could drive a rebound for transpacific rates
Airfreight players eye new routes as demand on the transpacific nosedives
Service chaos from trade ban with India a problem for Pakistan shippers
Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Indian coastal freight attracts major carriers, but regional tension disrupts
Serious threat to jobs in US logistics as tariffs cause economic 'stagflation'
Comment on this article
Andy Lane
July 03, 2021 at 3:34 amThe “Liner market had developed into a free-for-all”! Is that not how markets are supposed to function by free competition ideology?
Mike Wackett
July 06, 2021 at 9:28 amI’m hearing that it’s more like the Wild West at the moment Andy!