Peak season or recession? Forwarders and shippers need to 'stay flexible'
Transpacific contract negotiations appear to be held in a holding pattern, with few to no ...
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By Mike Wackett
Ocean carriers are determined to keep container spot rates at their highly elevated levels for as long as possible, as they look to lock in annual contract customers with rate increases of 100% or more.
And with no sign of a spot rate decline following the beginning of Chinese New Year last week, shippers that have held off sitting down with their carriers, expecting the normal rate erosion after CNY, are now having to bite the bullet and agree much higher ...
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