'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
Leading container lines on India-Europe networks have announced a wave of steep rate hikes, starting next month.
CMA CGM, Hapag-Lloyd and MSC have already warned customers of impending price rises.
CMA CGM said freight-all-kinds (FAK) rates for Indian cargo moving to North Europe and the Mediterranean would be $1,000 per teu and $1,200 per feu from 4 August, a hefty increase.
From 6 August, Hapag-Lloyd’s “published base rates” for dry shipments from Nhava Sheva/Mundra to North Europe will be $805/teu, ...
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