Golden nose

A serious accusation has reached the shipping companies: they are currently exploiting the shortage of shipping space and the lack of container capacity worldwide and earning a “golden nose”. The fact is that freight rates are skyrocketing and ships from the Far East are piling up in front of ports and terminals after production in Asia was ramped up to the limit following the first Corona shock. The carriers are fighting back, pointing to market laws and a generally cyclical container business. Those who book early, they say, also sail at good prices. Nevertheless, shipping company representatives are forecasting a further significant increase in contract rates for the coming months. Fortunately, PMM’s logistics specialists recognized this development early on. We are fully able to deliver and calculate as tightly as possible.