Colossal levels of newbuilding, waning demand and a discontented and resentful customer base is a recipe for a run on rates that had been expected last year but is now predicted to be only marginally affected by a United States East Coast port strike.
Global Shippers Forum (GSF) director James Hookham will tell a FIATA World Congress in Panama today (26 September) that shippers have had enough and will be fighting back against what they see as a poor service offered at extremely high rates with...
https://container-news.com/container-shipping-braces-for-rate-collapse/