Forwarders slam 'diabolical' service and 'shameless profiteering' by carriers

December 18, 2020

After another week of eye-watering freight rates breaking into new territory, forwarders have slammed shipping lines for “diabolical” service levels and accused them of “shameless profiteering”. Asia-Europe rates have reached as high as $14,000, including surcharges, according to some forwarders, while this week’s Shanghai Containerised Freight Index set new records for spot rates on six deepsea trades.

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