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 ...
2M alliance partners Maersk Line and MSC will launch a revamped Asia-Europe and Asia-Mediterranean network in May that will see port calls reduced by 17.
Maersk Line announced this morning it had taken the step of reducing the number of calls as a way of maintaining better schedule reliability.
“Port congestion and weather conditions have, among other factors, traditionally impacted reliability on Asia-Europe services,” said Maersk.
“Changes introduced by Maersk Line will address these challenges by significantly improving buffers in schedules, making it easier ...
Comment on this article
Ross Delaney
March 19, 2018 at 10:26 pmThose that have gone long ULCV’s have few other choices than to double down as Maersk/MSC have done here despite the ensuing ever-increasing transhipment amd beyond costs.
Their position is locked in a grid of ultra condensed port calling despite world trade marching in the opposite direction toward diversity and the unwind of dollarisation.