News / Export markets 'destabilised' as carriers are forced to 'undersell' capacity

Maersk Containers Ningbo Photo 50972944 © Minipig5188 Dreamstime.com

21/10/2022

Ocean carriers are endeavouring to top up their ships from China with heavily discounted spot cargo as their contracted shippers underperform on minimum quantities.

However, it appears that if bookings still fall below around 60% vessel utilisation levels, carriers are cancelling voyages at the eleventh hour, ...

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