Carriers may have 'overshot' on capacity and will need to blank more sailings
Container spot freight rates on the main export routes out of China continued to fall ...
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
Fine analysis from Drewry, along with some fascinating anecdotes, on the troubles facing the Asia-Europe trade, and what solutions may be found. Rates continue to slide – carriers are aggressively quoting, while some shippers are switching from FOB terms to CIF in a bid to take advantage of cheaper rates being offered in China. Ultimately, the answer lies in cutting capacity.
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