Group CEO, Brian Hay talks about current freight market rates

Watch our group CEO, Brian Hay, present at a recent HSBC webinar on why freight rates have risen from USD2000/40’ HC just a year ago, to today’s market rate of USD20,000.00.

In his presentation, Brian explores four key areas of influence, which include port congestion and infrastructural problems, reduced velocity in the usage of equipment, surging demand of space and the more contentious issue of Shipping Line behaviour around pricing.