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 ...
UASC's Al Jasrah at berth in La Spezia
By Mike Wackett
The G6 alliance is to increase its capacity on the Asia-Mediterranean trade by 21%, almost 2,200 teu per week, by early September, which could put downward pressure on freight rates.
According to Alphaliner, the G6 EUM loop upgrade will see seven ships in the 8,750-10,700 teu range replaced ...
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