Transpacific rates more than double, capacity constraints create ‘nightmare’ for shippers

[Source: Supply Chain Drive] — After months of canceled sailings, carriers have reinstated capacity and are telling shippers there’s simply no room. Ships are completely booked through September and are fairly full through October.

“The recovery in container shipping seen since April should continue during the third quarter of 2020 for most routes, driven by faster recovery in the consumption of goods than of services, the growth of e-commerce, and usual seasonality,” CMA CGM wrote in its earnings release.

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