Shippers face many more months of inflated freight rates, as ocean carriers show no sign of easing their strategy of keeping capacity tight and favouring high-paying spot cargo. 
In a customer Q&A session this morning, Hapag-Lloyd CEO Rolf Habben Jansen said the carrier was still “flooded with bookings”. 
He said: “It will be well into the second quarter before we get back to anywhere near normal,” And he added: “For the first time …

The post Rates misery for ocean shippers set to continue after Chinese New Year appeared first on The Loadstar.

Source