The sense of genuine anger amongst North European shippers and freight forwarders was palpable this week as they struggled to digest rapidly escalating spot freight rates.
The ascent steepened over recent weeks, with Drewry’s WCI Shanghai-Rotterdam leg rising 20% week-on-week to finish at $4,999 per 40ft.
However, sources told The Loadstar that slots were being purchased at much higher levels.
“Real terms rates for spot are in the $6,000-$7,500 mark, with carriers saying …
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