Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
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By Mike Wackett
The closure of the Chinese hub port of Yantian last week added another layer of chaos to an already fractured supply chain, resulting in a further spike in container freight rates from Asia.
Export operations officially resumed at Shenzhen’s port on Monday, however The Loadstar has heard from several sources that it is still “almost impossible” to get boxes tipped at the terminal.
“So far, every vessel scheduled to call at Yantian by every shipping line has been cancelled,” UK-based NVOCC Westbound ...
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