News / Container lines 'jostling for market share' could start a new freight rate war

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With the first anniversary of the Hanjin Shipping bankruptcy just passed, there are growing fears that ocean carriers are sliding towards a new freight rate war.

There is a “clear sign that rate cutting is starting to take hold once again,” said Alphaliner.

“The rate truce carriers have largely abided by since Hanjin’s sudden exit now appears to be crumbling.

The consultant added that the discounting of rates just before the Chinese Golden Week holidays early next month pointed to “further rate instability as ...