Rates update, week 51: GRIs boost prices, with more to come in January
Container spot rates on the transpacific trades shot up this week, on the back of ...
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By Mr Joy
As an off-the-leash Israel threatens to attack Iran’s oil supplies, the fear of oil prices skyrocketing would mean unwelcome news for transport companies, right?
Not so fast trigger-finger! As you will see, every cloud has a silver lining.
Crying wolf?
Earlier this year I wrote about the “crisis” unfolding in the Strait of Hormuz and the short-term spike in shipping rates (as shipping companies are good at using every opportunity to jack up rates).
Predictably, rates settled, and ...
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