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It is well known that current airline surcharge system is causing difficulties for airlines, freight forwarders and, most importantly, shippers.
Following up on our recent post about sea freight rates fluctuations, the quoted predictions from SeaIntel proved to be correct. The supply-demand imbalance continues and cutting capacity does not help to avoid rate erosion.
Tianjin is one of the most important cities of China. Its port is the 10th biggest in the world. The Wednesday explosions caused major destruction of port’s facilities, including parts of logistics park and container storage area.
Euro volatility continues to affect the supply-demand imbalance in the container shipping industry. Even though according to the latest Shanghai Containerised Freight Index rates to Northern Europe are at their highest since the end of January, while container prices to the Mediterranean reached their highest since the beginning of March. Overall freight rates on the global market almost doubled bringing some relief for the carriers. Although the SCFI demonstrates that Asia-north Europe rates