Soaring freight rates are starting to inflict real pain on small shippers

The explosion in freight rates can no longer be absorbed in the smallest shippers' transport budget. Cobi Rehab is one of the companies that is seeing its finances strained. Meanwhile, the situation in Yantian is getting worse, with ensuing consequences for each passing day.

The shutdown of the crucial Chinese port in Yantian has sent rates soaring | Photo: Uncredited/AP/Ritzau Scanpix

Not too long ago, there was a mantra in the container industry that went as follows: Rate increases would never grow so large that they were not able to be absorbed in shippers' budget and transferred to customers.

All of this would ultimately occur without consumers noticing any difference.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DB Schenker defends carriers in red-hot container market

One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.

Azane Fuel Solutions was created during the pandemic using Teams

Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.

Further reading

Related articles

Trial banner

Latest news

See all jobs