'More pronounced' demand slump drives container spot freight rate declines
Container spot freight rates on most of the main shipping trades saw another week of ...
© Nigel Baker
By Mike Wackett
Sky-high freight rates and poor service levels from ocean carriers could be the norm until early 2023, according to a customer update from a leading UK forwarder.
Moreover, the forwarder is critical of the apparent disregard shown by carriers to the supply chain crisis, alleging they prefer to “feast” on the current elevated rates and are “blasé” about the fate of their customers.
JAG UFS International, with its logistics HQ in the UK near Heathrow Airport, warned there would be “no light ...
Comment on this article
CHRIS WHITE
June 16, 2021 at 2:15 pmExtremely well put, I have extremely worried SME’s who can no longer afford to import their goods at these inflated rates and are seriously considering closing down their businesses. Where will it all end?
Jean-Gil Abbate
June 16, 2021 at 2:18 pmWell said Mr Wilcox!
Manu Mori
June 17, 2021 at 8:17 amThis is nothing but terror by shipping companies on shippers. They should think about hens and not on eggs.