India-Pakistan 'tit-for-tat' cargo ban sparks sudden supply chain shocks
India and Pakistan have banned each other’s cargo from transiting their ocean gateways, following the ...
By Mike Wackett
Container spot rates have peaked and appear to be declining slightly on the main tradelanes, albeit from record high levels.
But it could be too little and too late to save some businesses.
“Carriers have started to extend rates into mid-February, and prepaid space seems to be available at the Chinese main ports,” said Christoph Baumeister, senior trade manager, Asia-Europe, at Flexport.
Today’s Shanghai Containerised Freight Index (SCFI) recorded the first decrease in its composite index for more than three months, tracking down ...
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