At least two more years of freight rate pain for shippers as carriers 'cash in'
Shippers must brace themselves for at least two more years of elevated freight rates and ...
ING’s Robert Carnell, regional head of research, APAC, writes (for Seeking Alpha):
– Towards the end of last year, the relatively good performance of most Asian economies in terms of the Covid pandemic started to crack.
– The deterioration has not been as dramatic as in Europe or the US.
– But the tolerance for Covid in Asia is very much lower, and some restrictions have already been re-introduced.
Asia is not immune to Covid
In early December 2020, the very low prevailing daily case numbers ...