Return of downward pressure on container spot freight rates
Container spot freight rates on the main east-west trades were largely flat this week, after ...
Entrepreneurial logistics players are turning away from the highly congested transpacific market to cash in on the equally buoyant but less-congested Asia to Europe trade.
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Comment on this article
Gary Ferrulli
September 08, 2021 at 3:15 pmIt would be interesting to get a post-mortem report. Issues like where did they get terminal and dock space? How many days delayed? and the operating issues.
Mike Wackett
September 09, 2021 at 10:18 amIndeed Gary, it’s not as simple as chartering a ship.
The smaller ships have more options in Europe to work – so that is a positive,
But $18m in charter hire is a huge commitment to take on and is a gamble that freight rates will be high for the next year.
We will try and track these next loaders to see how they perform.