CMA CGM and Hapag-Lloyd's spot rate freeze is a "sensible first move"
CMA CGM and Hapag-Lloyd's recent spot rate freeze has received mixed responses among logistics companies and shippers. There is need for a "significant normalization of the rates in a downward direction," Scan Global Logistics tells ShippingWatch.
BY DAG HOLMSTAD, SØREN PICO
The recent spot rate freeze at CMA CGM and Hapag-Lloyd is a "sensible first move", says Scan Global Logistics. However, the current freight rates in the container market must be lowered for ocean freight to continue to make sense for a number of companies transporting goods, e.g. from China to Europe.
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