New price hikes may slow ocean spot rate slide – but for how long?
Container spot freight rate indices showed some divergence this week, indicating that recent falls in ...
Credit CU Lines
Chinese regional carrier China United (CULines), which pulled out of the Asia-Europe lane last December, has now ended its China-US west coast service.
The company notified shippers on Friday and joins a number of long-haul newcomers in withdrawing from the lane as the Covid-fuelled boom ends.
CULines’ last USWC sailing is today, when the chartered 1,800 teu, Adamastos departs Yantian, with its arrival in Los Angeles expected on 25 June.
Market observers told The Loadstar CULines had made “a pragmatic move in today’s market”, ...
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