Disconnect: time-charters and the freight market
Time to jump off?
By Mike Wackett
Asia-Europe ocean carriers are preparing for a market share battle by lowering their FAK rates from 1 April, and the new Japanese merged entity, Ocean Network Express’s (ONE’s) shippers are on their radar.
This week, CMA CGM published new FAK rates from Asia to North Europe of $900 per 20ft and $1,700 per 40ft for 1 April.
The French carrier’s FAK rates for March are $1,050 per 20ft and $2,000 per 40ft.
Rival carrier Hapag-Lloyd’s new FAK rates on the same tradelane from 1 April are ...
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