Carriers could find the cost of blanked sailings adding up to $23 billion
The container shipping industry could lose as much as $23bn this year from reduced demand ...
By Mike Wackett
Several container lines are still said to be refusing new bookings for containers from North European hub ports to the Middle East and Asia, unless there has been a prior commitment by the carrier.
And as the backhaul capacity crunch tightens, freight rates have soared as high as $2,500 for 40ft containers selected for loading – with prices for normally low-rated waste paper and plastic even higher.
Some carriers have even said they would impose a mid-month peak season surcharge (PSS) on the route, which is ...
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