Uncertainty on freight rates for the next year is concerning both shippers and carriers as they consider committing to 12-month contracts – both in air and sea.
One way of reducing risk is through index-linked agreements (ILAs) – but carriers have concerns that rates could fall to unsustainable levels.
Stanley Smulders, director of marketing & commercial at Ocean Network Express (ONE), told a Xeneta event last month that rates were still volatile.
“Individual …
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