New price hikes may slow ocean spot rate slide – but for how long?
Container spot freight rate indices showed some divergence this week, indicating that recent falls in ...
© Sheila Fitzgerald
By Mike Wackett
After recording gains across the board last week, the container spot market indices are back to flashing red for the main east-west tradelanes.
It is confirmation that ocean carrier 1 November FAK (freight all kinds) GRIs (general rate increases), from Asia to Europe in particular, have run out of steam and only achieved a small percentage of the ask.
And this also explains why carriers have been obliged to make a final re-set attempt to push ...
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