Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Niche transatlantic carrier Atlantic Container Line (ACL) has warned it would have to exit the trade if the US Trade Representative (USTR) enforces its proposed 301 rule on Chinese-built ships.
The company, owned by Italy’s Grimaldi Group but has its operational HQ in New Jersey and is led by a US citizen, president and CEO Andrew Abbott, operates a single transatlantic string between North Europe and North America, independent of the main shipping alliances.
The ACL A service deploys five 3,800 teu ...
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