Spot rates, which cover anywhere from 10% to 40% of ocean container shipments and are considered a key indicator of the industry's health, are in free fall.
are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said.
“There is sense of payback time in the market after the COVID years, where carriers have been in absolute control,” said Peter Sand, chief analyst at air and ocean freight rate benchmarking platform Xeneta. Big shippers “go into their buying season…wanting to know what their freight is going to cost. They’re not interested in playing the [spot] market” by shopping for lower rates, shipping expert John McCown said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
About 40% of German companies expect output decline in 2023 – IW instituteFour out of 10 German companies expect business to shrink in 2023, a survey by the German Economic Institute showed on Monday, blaming high energy costs, supply chain issues and the continuing war in Ukraine. | Reuters
Baca lebih lajut »
Religious group takes to streets in support of 10 rights advocates facing chargesMANILA, Philippines — Members of religious organizations on Sunday staged a protest in support of several human rights advocates who are facing "malicious" charges. According to the
Baca lebih lajut »
P49.5-M Ultra Lotto jackpot still up for grabs; 10 to take home P120K eachNo one guessed the winning combination for Ultra Lotto 6/58 with a jackpot prize worth P49,500,000 in the evening draw of the Philippine Charity Sweepstakes Office (PCSO) on Sunday, Jan. 8.
Baca lebih lajut »
Shooting during filming of rapper video leaves 10 injured in MiamiAt least 10 people were injured in a shooting outside Miami during the filming of a music video by Moroccan-American rapper French Montana, police and US media said Friday.
Baca lebih lajut »
DICT: PH registers almost 10% of SIM cards as of Jan. 9, 2023Citing data from the National Telecommunications Commission (NTC), the DICT said a total of 16,150,926 SIM cards were registered as of January 9, translating to 9.56% of the 170 million SIMs nationwide.
Baca lebih lajut »
QC court acquits 10 human rights workers of perjury rapsIn a 45-page decision, the QC Metropolitan Trial Court Branch 139 acquitted Sister Elenita Belardo, Elisa Lubi, Cristina Palabay, Roneo Clamor, Gabriela Krista Dalena, Edita Burgos, Jose Maria Callueng, Wilfredo Ruazol, Joan May Salvador, and Gertrudes Libang on the grounds of reasonable doubt.
Baca lebih lajut »