News / FAK rate hikes holding, with strong demand into peak season predicted

Photo 54887311 | Ship © Delstudio | Dreamstime.com

With excess container liner capacity continuing to be soaked up by the widespread vessel diversions around the Cape of Good Hope, combined with surprisingly strong demand, the recent turnaround in the fortunes of shipping lines is now expected to last into the peak season.

According to new analysis from shipping consultancy MSI, anecdotal evidence shows a round of FAK rate hikes announced earlier this month appear to have had some success.

“The initial signs are that these increases are sticking,” it said.

“Apart ...