Soaring Asia to US rates are expected to climb higher next week as vessel operators impose yet another general rate increase (GRI) on 15 September with container shortages compounding shippers’ difficulties even as capacity has increased.
Lars Jensen, CEO of Sea Intelligence, said that capacity on the Asia to US West Coast is up 20% year-on-year, while capacity to the US East Coast has increased almost 25% over last year.
Nonetheless, consultant Jon Monroe expects next week’s GRI will stick and...
https://container-news.com/container-shortages-and-increasing-rates-add-to-shipper-woes/