Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
The Ocean Alliance is to cancel four Asia-Europe voyages early next month – two North Europe loops and two Mediterranean loops – as the peak season ends.
The lines concerned, OOCL, CMA CGM, Cosco and Evergreen, said the blanked sailings were in response to “expected weak demand” after the China National Day “Golden Week” holiday from 1-8 October.
So far, the 2M and THE Alliance members have not announced similar moves, but it is anticipated that they will follow suite shortly. After what looks like being ...
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