Carriers ‘test the markets’ with rate hikes, but has the peak hit its peak?

With shipping’s peak season now well under way, container freight spot rates resumed their steep upward trajectory this week on the main east-west trades, following a series of carrier price hikes introduced on 1 July. However, compared with the double-digit increases seen a fortnight ago, after the last round of price announcements – which led Drewry’s World Container Index (WCI) to record strong Read full article →