After another month of high demand, over-stretched infrastructure and difficult negotiations for shippers, long-term contracted ocean freight rates now stand 85.5% higher than at this point last year. Although August saw rates rise by a relatively modest 2.2% (contrasted to July’s astonishing 28.1% jump) there appears to be little sign of relief on the horizon, …
The post Container Market: Rising Long-Term Rates And Port Congestion Compound Cargo Owner Woes first appeared on Hellenic Shipping News Worldwide.