Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
With Asia-South America ocean freight rates at an 18-month high of around $4,350 per 40ft, ...
A few weeks ago CMA CGM announced that it had developed specialised container for transporting live lobsters caught in the Canadian waters of Nova Scotia to the food markets of Europe, thus making air freight redundant. It is not the first time a shipping line has tried to capture a market that has always been in the hands of airlines. Around six years ago, Maersk tried much the same, but little came of it as the volumes remained small and the technology was in its formative stages. However, this Bloomberg article charts how specialist container shipping is becoming increasingly the norm as carriers look for profitable niche business.
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