Container trade economics – what to look for now
Making sense of a fools’ game
By Mike Wackett
Asia-North Europe carriers are continuing to slash FAK rates as the container spot market records another weekly decline.
APL and parent company CMA CGM announced today that from 1 June, the 40ft FAK rate would be cut by $100 to $1,800 for the Le Havre-Hamburg range of ports and to $1,850 for the UK ports of Felixstowe and Southampton.
The decision follows Maersk Line confirming last week it would lop $300 off its 40ft rate from the middle of this month.
According to ...
Comment on this article
Rajiv Sathe
May 18, 2019 at 4:49 amBy reducing the rates the trade volumes are not going to increase. what is the need for a rate reduction? Is it to make competition financially weak?
Daniel Pettersson
May 21, 2019 at 2:43 pmEver heard of market share?