East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
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By Mike Wackett
North European trade growth for the year has been revised from 3.4% to 2.2%, according to August’s Global Port Tracker, supporting moves by carriers to suspend services.
The monthly analysis collates data from six major North European hub ports.
“The industry has finally awakened to the fact that things are not as rosy as it expected,” said its author, Ben Hackett, of Hackett Associates.
“What a change eight months make,” he added, noting that at the start of the year “carriers and big consulting ...
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