Carriers need to cut more capacity for March GRIs to hold
Container freight spot rates on the major trades continued to slide this week, forcing carriers ...
Ocean carriers have been warned not to take advantage of the capacity crunch resulting from the Suez blockage to “price-gouge” their customers.
Following reports that shipping lines are predicting increases in spot rates and new surcharges due to the disruption, James Hookham, secretary general of the Global Shippers’ Forum (GSF), warned shippers “to be wary of this signalling of future prices and of demands for new surcharges”.
He said: “This incident was not our [shippers’] fault and reasons why customers should be ...
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