Cheap Spot Rates Now Could Cost Shippers at Peak Season

By Alexander Whiteman (The Loadstar) – Despite the continuing deterioration in rates, ocean shippers are being advised to avoid the spot market and stick to their allocation with carriers.

Abandoning their contracted space could come back to bite them when peak season rears its head, they were warned this week.

Transpacific sailings to North America aside, east west sailings experienced a third successive week of declining spot rates, seemingly leaving no one able to predict which way the wind will blow.

One punter taking a shot, Flexport’s head of ocean for Europe, the Middle East, and Africa, Guillaume Caill, told those listening to the