Cascading tonnage floods Asia - east coast South America market

default_image

© Khunaspix Dreamstime.

By Alex Lennane

10/06/2013

Drewry has written a rather damning article on shipping lines which have dumped capacity into the Asia – South America east coast trade lane. The consultancy said that a rate war has already seen spot prices dropping 26% between Shanghai and Santos, to $2,810 per 40ft teu. With a 33% rise in capacity expected between April and July, Drewry says further falls can be expected.

Read more...

Topics

Most read news

What will Trump's win mean for the logistics industry?

No end to chaos in sight for shippers as Canada's port rows escalate

Ripples from standstill at strike-bound Canadian ports could spread inland

Canadian forwarders 'extremely frustrated' by lack of action to end port strikes

Cargo operations at Brazil's Guarulhos Airport on brink of collapse

Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Disruptions at Canadian ports see rail operations hit the buffers

Carriers drop calls at Hamburg after congestion builds at CTA

Port of Valencia slowly gets back to work after floods from rainstorms

Box shipping's resilience will be tested after September drop in volumes

CMA CGM to resume Suez transits on India-US east coast service

Red Sea crisis provides a bonus for Chinese container manufacturers

Cross-border ecommerce continues to dominate air cargo markets

US port operators brace for tariff blitz if Trump gets second term

DHL lowers profit expectations after weaker-than-expected Q3

Houthis earn $2bn a year from Red Sea protection racket