News / Asia-Europe container trade to see more capacity reductions in bid to prevent rates slump

The traditional seasonal slump in Asia-Europe container freight rates could be avoided this year, as carriers prepare to pull huge amounts of capacity from the trade via void sailings.

According to container freight pricing platform Xeneta, carriers will this week reduce capacity by 33% on the westbound Asia-Europe trade, with full capacity reduced next week by 43% capacity,. There will be a further 8% reduction the week after that.

“That’s some 200,000 taken out of service,” Xeneta chief executive Patrik Berglund told The ...