Shippers operating on the eastbound trans-Pacific lane are vying with one another to secure premium booking guarantees, lending support to an already escalated spot market. Demand for ex-Asian shipments continues to mount, putting pressure on already constrained vessel capacity networks, lending support to both freight all kinds (FAK) and premium charges. “Premiums are not going …
The post Container Premiums: Shippers compete for equipment, space as premium rates climb higher first appeared on Hellenic Shipping News Worldwide.