Peter Sand
This is BIMCO’s Shipping number of the week:
Trans-Pacific short vs long contract freight rate gap hits record USD 2,400 per FEU
As the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider. The stars are now aligned for carriers to achieve higher long term contract rates.
On 17 September, for containers shipped from the Far East into the US west...