Carriers 'test the markets' with rate hikes, but has the peak hit its peak?
With shipping’s peak season now well under way, container freight spot rates resumed their steep ...
ID 41679112 © Michal Bednarek | Dreamstime.com
At Loadstar Towers, in classic bearish fashion we contemplated last night the succulent prospect of negative freight rates in ocean – or, at least, the possibility they would plummet to zero on specific trade lanes.
(Call the latter a best case thought-provoking exercise.)
It was in the late 90s, my Loadstar colleague Nick Savvides recalled, when a logistics manager from Dutch firm Koninklijke Philips willingly disclosed to him that to ship goods from Europe to Asia, the ocean freight market was so ...
Comment on this article