Ocean capacity is rising, demand is cooling, and 'the market is starting to turn'
Container spot freight rates on the main east-west ocean trades showed their first decline since ...
Photo; Dreamstime.com
By Mike Wackett
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, ...
Comment on this article