Ocean carriers are successfully underpinning freight rates through capacity discipline, with reports of container rollovers at Chinese export hubs and detention transhipment ports.
Flexport head of ocean freight (EMEA) Martin Holst-Mikkelsen told The Loadstar: “There is a high utilisation, and services on the [Asia-Europe] trade are relatively full for the coming two weeks.
“We are also seeing some increase in container rollovers at ports in China as well as at transhipment hubs,” …