News / CMA CGM ULCV order could send ripples across tradelanes as rates strengthen

CMA CGM’s potential order of up to nine 22,000 teu ultra-large container vessels (ULCVs) is sending a message to the liner industry that the freight rate war that led to the bankruptcy of Hanjin Shipping is far from over.

Based on early reactions to the order news, shippers expect container lines to return to their old ways and lose their current pricing discipline, resulting in freight rates sliding post-peak season.

Ocean carrier executives The Loadstar spoke to this week say they are struggling to understand what prompted ...