Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Photo: © Peter Moulton
Taiwan’s Maritime Port Bureau said this week there was no longer any need for it to coordinate shipping capacity with the island’s three main liner operators.
In late 2020, as shipping capacity tightened due to Covid-related port bottlenecks, the bureau formed a working group to coordinate shipping slots with Evergreen, Yang Ming and Wan Hai to assist Taiwanese shippers.
As the freight market regressed to pre-pandemic levels, this working group reduced its meeting frequency from monthly to quarterly, and this month said ...
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