Transpacific contract rates could tumble as an increase in capacity, sluggish spot rates and weak demand conspire to make the negotiating period tougher than ever, according to advisory services firm Drewry. The company predicted shippers would be in control during 2018, but expected to see the balance shift during 40, improving the outlook for 2019.
Transpacific contract rates could tumble as an increase in capacity, sluggish spot rates and weak demand conspire to make the negotiating period tougher than ever, according to advisory services firm Drewry. The company predicted shippers would be in control during 2018, but expected to see the balance shift during H2, improving the outlook for 2019.