Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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Shippers with sizeable volumes shipped under annual contracts should already be opening negotiations with their carriers for 2020, according to Drewry Supply Chain Advisers.
The reason is the continuing weakness of freight rates on the transpacific and Asia-North Europe container trades, said the analyst.
It noted that while container spot rates on the two largest deepsea trades had largely been in freefall this year – declining on average by 12% since the beginning of the year – that weakness had now spread ...
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John Lu
October 15, 2019 at 6:54 pmAre there any large volume shippers that have confirmed that carriers have been willing to oblige to opening up the contract talks for 2020? I would think not …