News / Red Sea shipping risks: 'forwarders will also take advantage and raise rates'

© Rodolphe Trider |

Some forwarders have admitted that the Suez Canal situation could offer them some relief from the financial stresses of a soft market.

With shipping lines planning GRIs and rate hikes, one forwarder told The Loadstar “forwarders will also take advantage of this”.

The source said forwarders would also increase rates if carriers did not honour their contracts, and would use the situation to revisit all low-margin contracts – even if carriers don’t.

Shippers are being told that, with carriers declaring force majeure and increasing ...