Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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By Mike Wackett
Entrepreneurial logistics players are turning away from the highly congested transpacific market to cash in on the equally buoyant but less-congested Asia to Europe trade.
Alphaliner today said it had taken note of two new carriers on the route that had chartered small containerships to carry their own cargo and tap the lucrative spot market.
Italian logistics company Rif Line has chartered two 1,100-1,200 teu ships for around a year to ply between Asia and the port of Civitavecchia, near its headquarters ...
Comment on this article
Gary Ferrulli
September 08, 2021 at 3:15 pmIt would be interesting to get a post-mortem report. Issues like where did they get terminal and dock space? How many days delayed? and the operating issues.
Mike Wackett
September 09, 2021 at 10:18 amIndeed Gary, it’s not as simple as chartering a ship.
The smaller ships have more options in Europe to work – so that is a positive,
But $18m in charter hire is a huge commitment to take on and is a gamble that freight rates will be high for the next year.
We will try and track these next loaders to see how they perform.