Cargo Carrier Contracts Slip Amid Surging Demand Spike

  • Carriers are finding spurious reasons to refuse the release of equipment at depots in China, in addition to rolling contracted containers without notice.
  • Even the biggest BCOs were having trouble getting equipment and space when they had exceeded their MQCs.
  • Carriers appear to be turning away from the stability of annual contracts on the route in favour of the more volatile spot business.
  • There is no immediate sign of the unprecedented demand spike on the trade coming to an end, with US ports...

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