Oceanfreight Rate Hikes on the North American market

Ocean carriers have allowed rates to plummet in view of the last year's dropping shipping volumes. The largest trade lane is of course the Asia Pacific trade to Europe and North America. Rates dropped to record lows as each carrier tries to just retain their market shares, yet this is only a stop gap measure, since they well know that eventually they will have to raise the rates in order to continue operating at their current level.

Second Review Business Analysts