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 ...
© Pavel Biryukov |
By Mike Wackett
Ocean carrier voyage results could soon start appearing in red ink as freight rates flirt with breakeven levels on major east-west tradelanes.
Although the container spot rate crash appears to have bottomed-out in the past few weeks, annual contract rates are also now in sharp decline.
According ...
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