News / Record blankings as freight rates threaten a hard landing for box lines

25/11/2022

The unrelenting decline in container freight rates from Asia, caused by a collapse in demand, is compelling ocean carriers to blank more sailings than ever before as vessel utilisation hits new lows.

Drewry’s WCI Asia-North Europe component slumped a further 18% this week, to $2,192 per ...

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Surinder Pannu
November 25, 2022 at 2:44 pm
All carriers, ports, railways & railyards, truckers have looted hefty money out of importers pockets, not for any valid reason, just by greedy manipulation. Now they should be okay for 3-4 years even if they don’t run any operation. Whatever they would make, would be bonus.

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