News / Sky-high container spot rates spark emergence of 'dark side' of shipping

Ocean carriers are cracking down on a spike in fraudulent contract bookings being driven by sky-high FAK rates from Asia.

Moreover, forwarders are gaining business from shippers based on “speculative” quotations.

In their struggle to overcome supply chain disruptions, embattled shippers faced with massive increases in their transport costs have widened the net to source new service providers and indirectly encouraged the emergence of what one contact described as the “dark side of the industry”.

MSC said it would implement a misdeclaration fee ...