Container lines Increase Cancellation Fees, Traders Feel the Heat

container lines have not only continued to raise freight rates but have also introduced additional difficult measures for companies involved in shipping commodities in boxes.
In contrast, CMA-CGM and Maersk have reported large increases in profits for the third quarter of 2020, amid high demand, strong freight rates and low fuel costs.
An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for...