Shippers in Asia face a double-whammy of equipment shortages and tight shipping capacity that is driving an unrelenting spike in short-term contract rates.
Vessels to North Europe and the US west coast are reportedly “fully booked for two to three weeks after Golden Week”, according to one Shanghai-based NVOCC source.
“Additionally, some of the carriers just do not have any 40ft high-cube containers at their depots, so even if we could get …
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Source: The Loadstar