Ocean rates rise after tariff pause acts as 'starting gun' for more front-loading
General rate increases (GRIs) give a “clear indication of ocean carrier intentions”, and raise alarm ...
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By Mike Wackett
Long-term container line contract rate agreements have reached new highs and, in some cases, are in excess of spot market deals currently touted by ocean carriers.
Hapag-Lloyd CFO Mark Frese said this month he expected a “strong reduction” in spot rates in the third quarter, with, in some instances, short-term rates falling back below contract rates.
“Although there are regional differences, the trend is the same; we are seeing a softening of spot rates globally,” he said.
Ocean and air freight benchmarking firm ...
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