Gemini carriers cut back port calls on challenging southern India trade
Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, ...
© Serge Bogomyako |
By Mike Wackett
Ocean carriers with the greatest exposure to the embattled east – west trades recorded the steepest fall in their average freight rates in the first quarter and are struggling to breakeven in the soft market environment.
According to an Alphaliner analysis, Hapag-Lloyd tops the table so far, of carriers that publish their results in detail, with an average rate for the 2.84m teu that it transported in Q1 of $1,999 per teu.
This represents a 27.9% decline in the German carrier’s average ...
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