Shipping disruption sees ‘rate increase fire’ spread from spots to contracts

AI Summary

Transpacific shipping rates are increasing while shipping costs into Europe have dropped sharply, raising doubts about carrier plans to raise prices on contract rates. The disruption in shipping markets is causing a ripple effect from spot rates to contract rates.

From one week to the next, it has been more of the same: transpacific rates on the climb; but with the cost of shipping into Europe showing an even more precipitous drop than last week, there are major question marks over the latest carrier plans to induce price hikes this week. The post Shipping disruption sees ‘rate increase fire’ spread from spots to contracts appeared first on The Loadstar.