Ultra large box ships and the distorted shipping cycle
Received wisdom – are the wheels coming off?
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By Mike Wackett
The 2M alliance has confirmed that it will reintroduce its AE2/Swan Asia-North Europe loop in the second week of December.
The move will put back about 6% of capacity to a tradelane where forward booking prospects are uncertain.
Drewry today described the decision as a “pivotal moment” in the Asia to Europe calendar.
“A big drop in spot rates now would weaken carriers’ hands and make it far harder to secure improvement over the previous terms,” cautioned Drewry.
Maersk Line and MSC “temporarily suspended” the ...
Comment on this article
Jon
November 05, 2018 at 3:16 pmTaking our this service, did not make any difference, October is always quite .
It’s the game playing by the line to increase rates.
As it states the demand is not there. Everyone can see that apart from the lines .
Current rates are still at 1100 a hc and will remain the same till end of the year .