Container demand frenzy sends rates to new highs, again
Box freight rate indices hit new highs as Asia-Europe route approaches $6,000 per teu
Carriers still hold all the cards in both spot and contract rate setting. Few options appear open to hard-pressed shippers
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ONE shareholder MOL has benefitted from the container line’s strong performance in its 2020-21 financial year. But as the pandemic eases, it expects the carrier’s performance to return to a lower level
Easing of congestion and schedule delays will only start to emerge in the third quarter of the year. With demand remaining strong, carriers could see a year-long peak season
‘Overwhelming demand causing shipments to be rolled even on newly-minted, expensive annual ocean contracts’ — Freightos
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