Rate manipulation on the Pacific trades is being called out by shippers in the US as non-vessel operator and shipping consultant, Jon Monroe argues that the lines are engaging rate manipulation.
Monroe’s claims came as Hapag-Lloyd announced a massive rate increase on the Pacific trade of US$1,200/FEU and US$960/TEU on the trade where volumes remain well below last year’s levels.
US West Coast ports saw volume throughput decline between 10% and 20% for the first half of this year. While there...
https://container-news.com/massive-rate-rise-on-pacific-as-lines-manipulate-capacity/