TPM: Weak Asia-Europe rates don't mean it's a weak market
The recent spot rate weakness on the main east-west container should not be mistaken for ...
© Eq Roy
By Mike Wackett
Ocean carrier loop suspensions will add significant tonnage to the idle fleet, unless the redundant vessels are redeployed or chartered-out – but these options seem unlikely in the current market.
Last week, THE Alliance partners Hapag-Lloyd, ONE, Yang Ming and HMM announced the suspension of the FE5 Asia-North Europe loop and the EC4 Asia-US east coast service this month “until further notice in consideration of the present market situation”.
The two loops deploy 22 vessels of ...
Comment on this article
Dzung Nguyen
November 02, 2023 at 6:43 amAs a local forwarding agent in north of Viet Nam, we don’t really understand the cont the space surplus apparently occurs on global scale but here in Hai Phong, we always face shortage of space why trying to get booking from carriers for some trade lanes like India and the rates keep going down gradually. Probably, the demand for certain routing is not enough for a serious consideration ?!!
Gary
DH logistics Hai Phong | https://dhhp.com.vn/