East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
Photo: © Peter Moulton
Taiwan’s Maritime Port Bureau said this week there was no longer any need for it to coordinate shipping capacity with the island’s three main liner operators.
In late 2020, as shipping capacity tightened due to Covid-related port bottlenecks, the bureau formed a working group to coordinate shipping slots with Evergreen, Yang Ming and Wan Hai to assist Taiwanese shippers.
As the freight market regressed to pre-pandemic levels, this working group reduced its meeting frequency from monthly to quarterly, and this month said ...
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