Rates update, week 51: GRIs boost prices, with more to come in January
Container spot rates on the transpacific trades shot up this week, on the back of ...
ID 185309792 © Yurii Kibalnik | Dreamstime.com
The economics of the container shipping industry are absurdly simple – just supply vs demand.
What is so fiendishly difficult is judging how much of either factor there is. And not just in pure numbers, but in the way that external factors such as strikes and storms; congestion and conflict can hugely influence not only levels of supply and demand, but the perception of those levels.
This gives the sector the weird potential of simultaneously being utterly predictable and wildly irrational, as ...
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