Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
ID 90954168 © Michal Bednarek | Dreamstime.com
By Mike Wackett
Global container demand growth slowed to just 1% over the first nine months of the year, as the US-China trade war put the brakes on liner expansion.
According to the latest review of the container sector by Bimco’s chief shipping analyst, Peter Sand, this sluggish growth compares with a much healthier 3.8% for the same period last year.
“The slowdown in demand is showing no signs of easing, and should the latest round of tariffs be implemented on 15 December, virtually all ...
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