Shippers should prepare themselves for greater competition between trade lanes in 2021, as global carriers capitalise on having the upper hand in upcoming contract negotiations.
The spike in freight rates on the Asia-Europe trade this month (up 45% in a week according to the World Container Index published by Drewry) has brought the comparative cost per mile of the different trade lanes into the spotlight in recent weeks.
With spot rates between Asia and Europe previously trading at less than...
https://container-news.com/trade-lane-competition-set-to-feature-in-2021/