Have Asia-US, Asia-Europe container rates peaked?
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Shipping lines have understandably come in for a huge amount of criticism over a doubling of ocean freights in many cases, much more over the last 12 months and a host of knock-on issues around container availability and vessel space.
Shipments have been delayed both at origin in Asia and at destination in Europe and ports on the US’s West Coast, like Long Beach and Los Angeles where vessels cannot get in to discharge because of port congestion.
While some of the criticism is justified, last year lines certainly idled ships and blanked services (made already scheduled sailings unavailable), sometimes at short notice.
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