ShippingWatch

Prospects of significant rate hikes already in 2019

The controversial bunker surcharges are far from sufficient to cover liner companies' increasing costs, reports Seaintel. The analyst firm expects considerable rate hikes as early as next year.

Photo: Patrick T. Fallon/Bloomberg

There could be considerable rate hikes in store for shippers next year when they book cargo shipments with the container carriers.

The current freight rates do now reflect the development that has taken place in fuel prices in recent years, according to analyst firm Seaintel. And this is despite the fact that shipping companies across the sector have introduced bunker adjustment factors (BAF), which have been met with criticism from major customers.

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