Record high spot rates from Asia to North Europe and predictions of huge hikes for annual contract rates could lead to a rush of cancelled orders for next year.
Retailers in Europe are already nervous about new partial lockdowns stymieing their sales, and the enormous sea freight rates and surcharges they are being billed is significantly adding to their concerns.
“We are certainly starting to see customers cancelling, as the rates are …

The post Asia-North Europe rates pass $10,000 – wait till it’s our turn, say forwarders appeared first on The Loadstar.

Source: The Loadstar