News / Spot rates soar as shipping resumes, but don't take advantage, carriers warned

FMC commisioner Carl Bentzel

The newest member of the Federal Maritime Commission (FMC), Carl W Bentzel (pictured above), has warned transpacific carriers against hiking freight rates unfairly, as the supply chain begins to free-up in China.

“I was heartened to hear that shipping lines have indicated that there is cargo for pickup and that trucking and port operations have substantially resumed in China,” said Mr Bentzel.

The FMC has been monitoring the levels of blanked sailings on the route and discussing with ocean carriers the levels ...