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.
"On behalf of our customers, we definitely see the spot rate freeze in a positive light, as the rates have reached a level that isn't sustainable for a lot of companies," says Scan Global COO Mads Drejer to ShippingWatch.
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