With import volumes expected to decline over the next 60 days, shipping organisations will find it increasingly difficult to prevent spot rates from crashing. Even though there is a significant drop in new bookings due to shipper uncertainty, shipping organisations intend to keep capacity elevated, with...
Ocean freight spot rates have fallen to levels not seen since before the COVID-19 pandemic. Whilst this decline in shipping costs might be perceived as positive news, it also reveals significant structural challenges and heightened competition that could potentially impact service reliability across global supply...
Spot rates rose in the eastbound trans-Pacific in response to the significant increase in cargo during the 90-day reprieve between China and the USA. Whilst many pricing indexes are yet to reflect the post-agreement rate increase, general rate increases are anticipated alongside reduced vessel capacity...