Overcapacity looms for ocean trades – with more blanked sailings inevitable
Notwithstanding the possible effects of the US tariffs on global container trades, the box lines ...
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By Mike Wackett
Container markets are experiencing a steep correction, but one analyst has suggested that the bottom of the liner business cycle may be near.
Short-term freight rates from Asia to North Europe have halved since June, to about $4,300 per 40ft, whereas for the US west coast they have slumped by over 70% since the summer, to less than $2,500 per 40ft.
And the freight rate contagion has spread to the containership charter market, impacting daily hire rates and asset values.
Indeed, maritime intelligence ...
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