News / Shippers face 'eye-watering' rates and rollovers as carriers 'cherry-pick' cargo

Photo; Dreamstime.com

Shippers are scrambling to bring forward orders in a bid to mitigate the impact of the longer transit times from Asia to Europe as  vessels are re-routed around the Cape of Good Hope.

However, equipment in Asia is in extremely short supply, due to the delayed backhaul voyages, and container release is being restricted to large-volume ’VIP contracts’ or shippers prepared to pay a hefty premium.

And even then, there is still no absolute guarantee that ...