It tells CNBC that rates on ocean routes from Asia to Europe and the Mediterranean are beginning to decline, but for U.S.-bound trade, prices are still climbing.
Rates for cargo headed to the U.S. are still risingBut for U.S companies, while some have negotiating leverage, shipping rates are not seeing any reprieve.
According to Sand, rates for the trade route from the Far East to the U.S. East Coast are still heading higher.
"Everyone is accusing everyone at the moment, which is normal during situations when there is so much uncertainty in the market," Sand said.
"Ocean freight carriers did not invent this crisis and it takes time for them to put in new shipping networks to deal with the disruption caused by diverting away from the Suez Canal."
Persons:
February's GRIs, Emily Stausbøll, Peter Sand, Sand
Organizations:
CNBC, Logistics, U.S .
Locations:
Xeneta, Asia, Europe, North Europe, Sand, U.S . East Coast, Suez