The Raising Price Of Freight Rates
Jan 20, 2022
The shortage of space and equipment has continued since the end of last year, with market demand exceeding supply for a long time. Due to frequent outages and jumps, shipping space is very tight and equipment is still in severe shortage. Carriers have started to limit the acceptance of booking space or arrange to dump containers due to overbooking. Due to the continuous delay and rescheduling of freighters, the reliability of voyage schedule is very low, and the delay of departure before the Spring Festival will seriously affect the post-holiday shipping.
Freight rates rose slightly in the first half of January and are expected to continue to rise in the second half of the month due to the arrival of the traditional peak season before the Chinese New Year.
