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 ...
Credit CU Lines
Chinese regional carrier China United (CULines), which pulled out of the Asia-Europe lane last December, has now ended its China-US west coast service.
The company notified shippers on Friday and joins a number of long-haul newcomers in withdrawing from the lane as the Covid-fuelled boom ends.
CULines’ last USWC sailing is today, when the chartered 1,800 teu, Adamastos departs Yantian, with its arrival in Los Angeles expected on 25 June.
Market observers told The Loadstar CULines had made “a pragmatic move in today’s market”, ...
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