Trans-Pacific spot rates spike as Hanjin flounders
Hanjin Shipping’s bankruptcy is having immediate impacts on spot rates in the trans-Pacific and Asia-Europe trades.Spot freight rates on containerized imports from Asia soared this week by more than 44 percent due to previously-filed general rate increases, problems surrounding Hanjin Shipping’s financial woes and very tight capacity as the peak-shipping…
Trans-Pacific spot rates spike as Hanjin flounders
Journal of Commerce