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 ...
There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and equipment capacity in Asia.
Today’s Ningbo Containerized Freight Index (NCFI) North Europe and Mediterranean component jumped by 8.7%, almost matching the 8.6% increase on the Shanghai Containerized Freight Index (SCFI).
“Carriers collectively pushed up rates for April voyages and booking prices rose sharply,” said the NCFI commentary.
According to Drewry’s WCI index, rates from Asia to North ...
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