Shipping Companies Believe Spot Rates Are At Peak


  • One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S.
  • As it sees an end to the rally that has seen prices hit records.
  • The price gains came as the economic recovery coincided with reduced shipping capacity.
  • It has put inflationary pressure on manufacturers in Asia already grappling with higher commodity and electricity prices.

A recent news article published by Ann Koh from Bloomberg in the Economic Times states that shipping lines think spot rates have peaked.

Hapag-LLoyd AG thinks spot rates have peaked

The price gains came as the economic recovery


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