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 ...
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 ...
Transpacific sees first major MSC blanks as rates fall and volumes falter
Volcanic disruption at Anchorage could hit transpacific airfreight operations
Shippers snap up airfreight capacity to US ahead of tariff deadline
White House confirms automotive tariffs – 'a disaster for the industry'
New price hikes may slow ocean spot rate slide – but for how long?
Supply chain delays expected after earthquake hits Myanmar
Tighter EU import requirements proving 'a challenge' for forwarders
Looming Trump tariffs will create 'a bureaucratic monster' for Customs
Comment on this article