Tendering in a Crisis: What BCO Contract Data Is Revealing About This Season

🇬🇷 Hellenic Shipping News (GR) —

AI Summary

This article discusses challenges faced by shippers during the current tender season in ocean freight procurement, influenced by the Middle East conflict that has caused increased war risk premiums and bunker fuel surcharges. Spot container rates for directly affected trades have surged significantly.

Ocean freight procurement has always required nerve. But this tender season is testing shippers in ways that feel uncomfortably familiar, and some ways that are entirely new. The Middle East conflict has sent war risk premiums and bunker fuel surcharges surging, spot rates on directly-affected trades have spiked to around $4,000 per container into the ...

Security Conflict Politics Markets Energy Shipping ocean freight shipping rates Middle East conflict war risk premiums bunker fuel surcharges container spot rates

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