News / November on course to be the crunch month for ocean carriers

November will be a decisive month for ocean carriers as they go all out to push up container spot rates on the key tradelanes of Asia=Europe and the transpacific.

According to Alexander Borulev, commodity associate at S&P Global Platts, rates are “no longer falling” due to the blanking programmes of the carriers.

And they are preparing a raft of FAK and general rate increases for 1 November.

However, the extent of the challenge facing the global carriers is evidenced by today’s Shanghai Containerized ...