Reported 8 months ago
Container freight rates are soaring, with the reintroduction of 'guaranteed slots' during the recent pandemic period. Freight forwarders are integrating slots at high prices for clients in need, priced about 20-30% higher than regular rates. This trend is particularly evident on long-haul routes facing severe vessel and container shortages, leaving only these high-priced slots available for purchase. Despite the steep prices, many clients are willing to pay for the assurance of space compared to air cargo rates. Industry insiders attribute this to the unique circumstances in the container shipping industry during the pandemic, with 'guaranteed slots' making a reappearance as one of the phenomena.
Source: YAHOO