News / Asia-N Europe is lines' lowest earner, as shippers report rollovers

The port of Durban (Photo: Tom Westcott)

As spot rates on most shipping routes continue to rise – albeit at a slightly lesser rate than last month – there are increased reports of shippers with contracted cargo seeing their containers rolled at ports of loading.

Yesterday, spot freight rate platform Freightos published its latest survey of some 50 shippers and forwarders and reported “that since early May, nearly 70% of BCOs and forwarders with long-term ocean contracts have had containers rolled or pushed to the spot market, or ...