News / Contract rates the key to liner stability, as spot prices continue to fall

Photo: PIL

10/03/2023

The latest rate war on the transpacific and Asia-Europe tradelanes could see some ocean carriers, overly exposed to the spot market, record their first loss-making quarter since the onset of the pandemic.

In a worst-case scenario, rate levels “could mimic the extreme lows of 2016”, according ...

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