Comment / Across the pond – carriers get their act together

ID 148386392 © Mitaka7219 | Dreamstime.com

The fundamentals of demand and supply in the container shipping market have been at work in the transatlantic trade in recent weeks, demonstrating once again how much the market is governed by basic economic laws.

Here comes a bit of healthy reporting today.

While spot freight rates on the transpacific and Asia-Europe trades have been on a long downward slope for weeks now, the Europe-North America routes have been remarkably robust by comparison: last week’s World Container Index (WCI) from Drewry saw ...