Drewry has written a rather damning article on shipping lines which have dumped capacity into the Asia – South America east coast trade lane. The consultancy said that a rate war has already seen spot prices dropping 26% between Shanghai and Santos, to $2,810 per 40ft teu. With a 33% rise in capacity expected between April and July, Drewry says further falls can be expected.
DSV: WEAKENINGMFT: TRADING UPDATEBA: SUPPLIER WOESKNIN: NEW LOW KNX: STEADY YIELDBASF: TECH INVESTMENTDAC: REACTIONDAC: EARNINGS MISSHD: SOLID WTC: BACK UPGM: BEAUTIFUL HIGHSXPO: STELLARHD: ON THE RADARTSLA: SELL-SIDE BOOSTTSLA: EUPHORIADAC: HEALTH CHECKDHL: GREEN DEAL
DSV: WEAKENINGMFT: TRADING UPDATEBA: SUPPLIER WOESKNIN: NEW LOW KNX: STEADY YIELDBASF: TECH INVESTMENTDAC: REACTIONDAC: EARNINGS MISSHD: SOLID WTC: BACK UPGM: BEAUTIFUL HIGHSXPO: STELLARHD: ON THE RADARTSLA: SELL-SIDE BOOSTTSLA: EUPHORIADAC: HEALTH CHECKDHL: GREEN DEAL
By Alex Lennane