More rate increases expected soon, though signs congestion is easing

Ex-Asia ocean rates were stable last week, but prices already at highs for the year are expected to climb further as we enter the typical peak season months and congestion – though less severe than in recent weeks – remains an issue at some major hubs, with several carriers announcing significant July Peak Season Surcharge increases or GRIs.

Scarce container space from China to India has some importers there turning to bulk or multi-purpose options, and delays are also pushing more European...

https://container-news.com/more-rate-increases-expected-soon-though-signs-congestion-is-easing/

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