'More pronounced' demand slump drives container spot freight rate declines
Container spot freight rates on most of the main shipping trades saw another week of ...
Airfreight rates for medical supplies have hit more than $13 per kg, causing some forwarders to claim that freighter airlines are “profiteering” from the Covid-19 crisis.
But however, many medical supplies are no longer getting through to end-users, following new Chinese regulations.
On 31 March, the Chinese government responded to complaints from the EU that many of the medical supplies arriving were sub-standard and said all medical suppliers in China had to be certified so poor products were not exported.
Now, Chinese shippers ...
Semiconductors could compensate for air freight's lost ecommerce traffic
'It’s healthy competition' Maersk tells forwarders bidding for same business
Transpacific sees first major MSC blanks as rates fall and volumes falter
'Weakened' Maersk paying a heavy price for its lack of fleet growth
US shippers slam USTR port fee plan – 'an apocalypse for trade'
Opposition builds for final hearing on US plan to tax Chinese box ship calls
Despite sourcing shifts, 'don't write-off China', says CMA CGM CCO
Calling all shippers!
Please give us a minute of your time to answer the following questions:
Comment on this article
Arthur Brown
April 03, 2020 at 4:06 pmThe quote from the unnamed forwarder is incorrect or he would name the carriers practicing price gouging. Name them or keep quiet.
Alex Lennane
April 03, 2020 at 5:34 pmTo be fair to him – and the other forwarders who reported this – he did name them. It was The Loadstar’s decision not to publish the names, but there were a lot…
JOSEPH ALBA
April 03, 2020 at 6:35 pmWere the forwarder comments across the geography or primarily UK?
Alex Lennane
April 06, 2020 at 11:54 amWe are getting reports of this from all over the place…
Steve Manser
April 04, 2020 at 11:44 amIf the forwarders/shippers hadn’t been f**king airlines over for so many years, they would all still have viable freighter fleets, instead they insisted that airlines co-rated belly and main deck rates and then wondered why everyone got rid of their freighters, as they couldn’t make them pay ….. now those that have managed to survive are giving them a piece of their own medicine – long may the shafting continue – maybe then the supply chain community will understand the need for freighters and for there to be a premium….
Absolute no sympathy for shippers/forwarders at this time – they created this shortage…..
The rates reflect what it costs to operate freights plus a very very healthy profit margin……
Sorry off my soap box now….
Steve