Carriers disappointed as contract talks loom and rate hikes fail to stick
Container spot freight rates this week were virtually unchanged from last week, as planned mid-November ...
Amid the Ever Given fallout, Asian shippers should expect a chronic container shortage, extended booking delays and more cargo rollovers at key transhipment hubs.
Peter Sundara, VP global ocean product at Hong Kong’s LF Logistics, said the week-long Suez blockage aggravated already stretched container supply chains.
“Even though the canal is now open, it’s going to have a tremendous ripple effect,” he told The Loadstar.
“It’s clear over the next three or four months we’re going to see more blank sailings as carriers ...
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
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