Freight Rate War Engulfs Asia-Europe asTranspacific Rally Vanishes
With spot rates on Asia-Europe shipments now being discounted on an almost daily basis, freight buyers on the trades fear that a new freight rate war may now be fully underway.
In this latest episode of gCaptain Weekly, John Konrad and Sal Mercogliano discuss the Colonial Pipeline shutdown, the Jones Act waivers issued by the DHS and the response of the US commercial industry. Other topics include the national security implications including the readiness of MSC oilers, the issue of infrastructure in the US with the I-40 bridge closure and temporary suspension of barge traffic on the Mississippi, and the Senate vote to suspend the Passenger Vessel Services Act. Watch below:
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