Transpac spot rates crash as pre-tariff demand for US imports from Asia fades
Container spot freight rates on the transpacific eastbound routes from Asia to the US west ...
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By Mike Wackett
Spot container freight rates between Asia and Europe are on track to lose all the gains from this month’s general rate increases (GRIs), putting more pressure on annual contract negotiations.
According to container derivatives broker FIS, 2016 Asia-North Europe contract rates, now being discussed, are in ...
Comment on this article
John Roberts
November 13, 2015 at 3:52 pmThe shipping lines are just being ridiculous with their prices. All year they’ve been up and down by such huge amounts and now everyone is fed up with this game.
I think we’ll start to see the formation of freight buying groups where forwarders collectively have massive buying power and the lines will have to behave in terms of providing sensible rates. At the moment it is still a bit of a free-for-all in terms of which line they use and it’s all about price due to none of the lines really offering any value added services.
Lots of other industries have buying groups, it’s just a matter of time until the freight industry has them.