$1.5m China-built ship charge would bring return of US port congestion
The million-dollar-plus charges for Chinese-built vessels calling at US ports would unsurprisingly put inflationary pressure ...
By Sam Whelan
After another week of eye-watering freight rates breaking into new territory, forwarders have slammed shipping lines for “diabolical” service levels and accused them of “shameless profiteering”.
Asia-Europe rates have reached as high as $14,000, including surcharges, according to some forwarders, while this week’s Shanghai Containerised Freight Index set new records for spot rates on six deepsea trades.
At the same time, Sea-Intelligence reported a new low for service reliability of just 50% in November, with vessels delayed by an average of more ...
Comment on this article
Gerrit
December 27, 2020 at 11:07 pm.. how these same forwarders love to keep the rates as low as possible, at the risk of the Shipping companies, when there is a surplus of slots (exactly what they are now calling for).
But when the carriers lower capacity, also because the surplus is no longer a viable option, it’s ‘diabolical’.
Pot, meet kettle.