A shortage of containers rather than space on box ships is the main driver of the unrelenting spike in freight rates on headhaul routes.
Moreover, the focus by carriers to reposition their empty equipment as quickly as possible back to Asia, to take advantage of skyrocketing spot rates, has left exporters around the world scrambling for boxes.
Indeed, one UK-based carrier executive told The Loadstar recently it was “discouraging” its export sales …
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Source: The Loadstar