Carriers Warned Against Price Gouging Shippers with Suez Chaos

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    Greensea Systems
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    By Mike Wackett (The Loadstar) –

    Ocean carriers have been warned not to take advantage of the capacity crunch resulting from the Suez blockage to “price-gouge” their customers.

    Following reports that shipping lines are predicting increases in spot rates and new surcharges due to the disruption, James Hookham, secretary general of the Global Shippers’ Forum (GSF), warned shippers “to be wary of this signalling of future prices and of demands for new surcharges”.

    He said: “This incident was not our [shippers’] fault and reasons why customers should be expected to pay extra, on top of record shipping rates, for goods delivered late and for reasons ultimately of the industry’s own making, should be challenged.

    Read more by visiting gCaptain.

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