Unscrupulous forwarders in India are taking advantage of “desperate” shippers, using inside information from shipping lines to create a “black market” for spot bookings, it is claimed.
Container shipping’s worst-ever capacity crunch has led to skyrocketing freight rates and a sold-out spot market, said Rakesh Pandit, CEO of Pune-based Conbox Logistics.
He added: “And freight rates aside, we have reached a situation in India where there are no spot bookings available on …
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Source: The Loadstar