Intra-Asia freight rates from China are soaring as forwarders discover “it’s not just Maersk” giving them the cold shoulder, reports the Loadstar.
Destination bottlenecks
One forwarder in Shanghai told The Loadstar that 90% of container vessels departing China’s ports were delayed – bottlenecks in destination markets the main culprit.
He added: “After a period of soft rates for almost two months, sea freight prices have gone upwards again.”
“The overall volume ex-China is less, but the overseas disruption to logistics chains and port handling efficiency is the major …
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Source: The Loadstar
