containers © Spongecake
© Spongecake

The jury remains out on the chances of a new rate war on the key east-west trades. Alphaliner said last week the rate truce between carriers – largely responsible for generally impressive second-quarter results – “appears to be crumbling”.

However, Drewry insists “there is no rate war going on at the moment”, despite a “softening of rates”, although it yesterday issued a press release noting the rise in contract rates from Asia to Europe and the US – and it has once more warned BCOs that they need to “rethink their contract negotiation strategy” in order to “mitigate rate increases”.

Comment on this article

You must be logged in to post a comment.