Container counterfactuals: spot market vs time-charters
Spotting the time-charter correction…
As Asia-Europe container spot rates continue to skyrocket, shippers and freight forwarders are accusing carriers of breaching short- and long-term contracts to “charge whatever they want”.
In a joint letter to the Competition Directorate of the European Commission (EC), the European Freight Forwarders Association (CLECAT) and European Shippers’ Council (ESC) have protested about the “damage” the carriers’ behaviour is “causing to trade growth at a time of economic recession”.
According to the letter, the complaints relate to “violation of existing contracts, the ...
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Comment on this article
Richard Jayasinghe
January 07, 2021 at 1:19 amWhat is the reply to this question from FIATA.