News / Asia-North Europe carriers discounting, and losing market share to challengers 

© Anna Krasnopeeva

Asia-North Europe carriers were out in the market offering discounts on container spot rates this week, but transpacific shippers saw some increases for the US west coast.

According to the Ningbo Containerized Freight Index (NCFI) commentary, “despite some blank sailings, some carriers lowered the market rate” in order to top up their allocations.

However, it appears carriers were not prepared to extend discounts beyond specific sailings. Indeed, one UK-based NVOCC told The Loadstar he had received cheaper offers for space this week, but they ...