Carriers hope price hikes will hold as spot rates fall in CNY doldrums
Despite the muted trading activity since China’s new year holiday began this week, spot rates ...
Container spot rates are falling below long-term contract rates and shippers will look to reopen negotiations with carriers if short-term rates further decline materially.
According to a customer survey conducted by freight rate benchmarking firm Xeneta, 71% of respondents said they would seek to renegotiate long-term contracts if the market changed significantly.
More worryingly for ocean carriers, 11% said they would be prepared to breach their contract and look for better deals and just 18% of respondents said they would continue with ...
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Comment on this article
Hans-Henrik Nielsen
June 17, 2022 at 3:43 pmEasy Tiger