Concerns raised about NVOCC renewals in China
Attorney reports difficulties for U.S. firms as China moves from national to provincial registration of non-vessel operating common carriers.
2 months ago
However, if shipping alliances are outlawed altogether, then freight rates will skyrocket because alliances are the only way that carriers can operate ultra-large container ships (ULCVs) effectively.
The FBX, a global container freight index measuring spot rates on major global trades, had an overall reading of $1,342 per FEU as of June 14, down 1.5% from a week prior, but up 3.4% from a year prior.