Shipping rates rocketing again, with contract talks 'a game of musical chairs'

The Loadstar
Friday, April 16, 2021
Container spot rates are beginning to head upwards again across all trades from already elevated levels, as carriers reduce their commitment to contract volumes in favour of much higher FAK rates. “Releasing the Ever Given mitigated the crisis, but in many ways the damage was already done,” said Freightos research lead Judah Levine. “Two weeks post-Suez blockage, global trade is beginning to feel the slow-moving hit on both capacity and pricing fronts.”
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