Shippers welcome new ocean capacity, but it won't stop price increases
In the absence of carrier-led price hikes, container spot rates largely flattened on the transpacific ...
© Woravit Vijitpanya
Despite vowing to re-route vessels around the Cape of Good Hope, CMA CGM yesterday sent an ultra-large containership through the Red Sea and Bab al-Mandeb Strait.
The French carrier’s Jules Verne was escorted by the French navy and reported no attacks.
CMA CGM had told its ...
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