Subscribe to RSS feedBox freight rate surge temporary – Seaspan
by
Rajesh Joshi, New York
—
last modified
Mar 29, 2010 02:27 PM
CONTAINER freight rates that have recently spiked because of a surge in cargo demand are bound to fall later in the year as volumes “normalise”, Seaspan chief executive Gerry Wang cautioned last week.
At the same time, he said newbuilding deliveries were no longer being delayed and that further deferrals were unlikely.
“The current situation [in demand and rates] is abnormal and caused by restocking – volumes will come down to a normal...
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