Year of the dog sees ocean carriers’ rate hike bid become a bark not a bite

//Year of the dog sees ocean carriers’ rate hike bid become a bark not a bite

Year of the dog sees ocean carriers’ rate hike bid become a bark not a bite

By | 2018-02-16T14:42:13+00:00 February 16th, 2018|feed news|Comments Off on Year of the dog sees ocean carriers’ rate hike bid become a bark not a bite

After the failure of Asia-North Europe carriers to push rates up before the start of the Chinese new year, shippers expect prices to fall immediately afterwards by as much as $200 per teu.
One UK-based shipper told The Loadstar this week he had been obliged to pay a premium before the CNY to guarantee shipment, but fully expected to get that back, “and more”, by the end of the month.
Analysts agree rates will …

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