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Latest From Mike King
With container vessels full from Asia to the US and Europe, cargo owners and forwarders are struggling to secure slots and wrestling with disruptions and delays, worsened by poor communication by lines
Shippers and forwarders claim that current bafs are much too high and should be cut to reflect the rapid drop in bunker prices
Logistics operators will need support from politicians and policymakers as they come under increasing pressure. There is no hard and fast rule that they can adapt to every changing pattern coming their way
Rush to ship goods ahead of factory closures was not comparable to the years before the China-US trade war started in 2018
Fresh US tariffs on Chinese exports could further change the dynamics of the transpacific headhaul trade in the coming months
The economic value of freight flows in the North Pacific and Indian Oceans will increase nearly four-fold between 2015 and 2050, according to the OECD