Queues in Suez may have repercussions on container market for up to three months
Once the queues of more than 360 ships in the Suez Canal are dissolved, the container market will be hit by repercussions for 2-3 months, estimates a shipping analyst, who predicts a tug of war between carriers and shippers on rate surcharges due to increased costs.
by DAG HOLMSTAD
Additions to the already high freight rates, congestion in Mediterranean ports and exporters who have to wait for their cargoes to be shipped, as well as long delays in moving thousands of empty containers to Asia.
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