Cautious air cargo shippers delay tenders amid signs rates may have peaked
Air cargo shippers are increasingly delaying tender decisions and extending existing contracts, rather than locking ...
By Sam Whelan
Shipping lines have “moved first” to lower spot rates and undercut forwarders, fearing a deteriorating market.
However, supply chain bottlenecks could yet “save the day” for carriers by propping up long-term contract rates.
According to Sunny Ho, executive director of the Hong Kong Shippers’ Council, forwarders have ...
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