Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
Eleven advertised sailings from Asia to North Europe for next month have now been cancelled, removing nearly 200,000 teu of westbound capacity and threatening a new backhaul space shortage.
The latest blanked voyage to be announced is the 5 October service from Busan: the 14,993 teu Al Mashrab operated by THE Alliance partners Hapag-Lloyd, ONE and Yang Ming on their FE4 loop.
Hapag-Lloyd told customers the voyage was cancelled as part of its vessel maintenance scheme. Other carriers have cited the expected weakness of ...
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Comment on this article
Ryan Sutherland
September 21, 2018 at 3:23 pmHope this over soon guys and everything work out