Unless you’re involved with international commerce in some way, you might not have heard that the cost of shipping goods out of China is absolutely soaring right now, says an article published in Bloomberg.
What Happened?Six months ago, the Shanghai Containerized Freight Index of spot shipping rates was at 1,022. As of Friday, it was close to 3,000. On the latest episode of the “Odd Lots” podcast, we spoke with economist and historian Marc Levinson, the author of “The Box,” a book on the...
Delegates at the TOC Container Supply Chain event in Rotterdam heard that shipper opposition to deep sea liner shipping alliances may be dangerously misplaced, reports the Loadstar.
Prominent rise in freight ratesLars Jensen, chief executive and partner of Sea Intelligence Consulting, said efforts by some to bar container lines from operating in alliances, claiming they have become anti-competitive, would result in freight rates “skyrocketing”.
The EU’s Block Exemption Regulation (BER), the de...
http://mfame.guru/freight-rates-to-skyrocket-without-alliances/