Freight rate ‘contagion’ will bring a two-year ‘profit bonanza’ for ocean carriers

Shippers are bracing for a further broadside of rate increases in June across multiple trades, as ocean carriers beef up profits ahead of the peak season.
After a period of stability, following hikes of up to 200% in the second half of last year, transpacific carriers are rolling out a raft of new GRIs, effective 1 June.
For example, Hapag-Lloyd is advising its Asia to North America rates will rise by $1,200 …

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Source: The Loadstar

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