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 ...
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By Mike Wackett
Container freight rates from Asia to Europe are going through the roof, mirroring the trend on the transpacific, with regulators seemingly unable to stop the relentless onslaught on shippers that threatens to sink business.
European and US importers outside or in excess of contract are seeing their freight budgets destroyed by unprecedented FAK and GRI hikes that many fear remain until at least Chinese New Year in February.
After a “shock and awe” advisory from Hapag-Lloyd last week that its FAK rates ...
Comment on this article
Bharat J Thakkar
November 19, 2020 at 6:35 amHello Alex – Seriously ,its about time that carries((s/lines – airlines) become more pro active..() Forwarders offer their services to customer and credits, and have to pay regardless of recoveries in time or other wise ((Carriers say its commercial)) .(2) When Forwarder cancels booking with s/lines , they charge cancellation charges ,but when shipping lines offload goods by over selling slots , the PORT Ground Rent is debited to forwarder ? (4)Like wise airlines accept goods , cancel flights or off load goods ,but the detention charges by Terminal Operators are deducted from forwarders PDA ((Pre Deposit Account)
Bharat Thakkar
November 19, 2020 at 7:22 amHello Alex one more add on
1)THC(Terminal Handling Charges) as per Govt of Sri Lanka mandate , are part of freight
2)Same should be for all
3)There should be accountability of carrier’s
Krgds
Bharat J Thakkar
Bharat Thakkar
November 19, 2020 at 10:54 amDear AlexOne more
1)IN Sri Lanka Shipping Lines are mandated by Government that THC is a part of freight, this must be follow globally ..
2)S hipping levy booking cancellation charges, on forwarder , of goods are delayed , but s lines consisting over sell and off load goods, and pass on ground rent on forwarder, is this not unfair
3)airlines off load goods or their flights get cancelled, terminals auto debit forwarders per deposit account mainatined for payment of terminal charges
4)PANDAMIC HAS SHAKEN THE GLOBE NOT JUST LINES OR AIRLINES
Vincent
November 26, 2020 at 6:55 pmI think we should start a petition asking the trade and industry secretary to review the possible profiteering be shipping lines and freight forward ing… proper regulatory body needs appointing not the sham currently operating..
Frankly it’s akin to robbery not proper business practices.