Shipper fury as spot rates soar - and box lines ignore contracts
The sense of genuine anger amongst North European shippers and freight forwarders was palpable this ...
© Rpianoshow
China International Marine Containers (CIMC), the largest container manufacturer, said that container orders were up five-fold in Q1 24, to 494,400 teu, as the equipment shortage bites.
In contrast, reefer orders decreased by 23%, to 9,300 teu, a trend CIMC blamed on declining consumption of refrigerated goods caused by inflation. Sales of specialised containers fell by nearly half, to 35,000 units, due to lower demand for containers tailored to rail transport.
CIMC disclosed the surge in ...
Comment on this article