News / NYK quits as Asia-West Africa trade goes 'from bad to worse' with rates and volumes falling

08/12/2015

NYK is to exit the Asia-West Africa trade, and could be the first of many operators, according to Drewry.

The analyst says more carriers might quit the sector as container volumes continue to fall, resulting in reduced vessel load factors and declining freight rates.

Data from Container ...

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John Roberst
December 08, 2015 at 3:19 pm
It’s almost a perfect storm for shipping lines at the moment. They need to reduce capacity on some routes but there’s nowhere profitable for the vessels to be reassigned to as the rates seem to be low everywhere.
On the positive side, if the price of oil continues to fall at the current rate, it will be free by the middle of February.

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