Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
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By Mike Wackett
Maersk says it is offering shippers the opportunity to slow cargo arrivals from Asia destined for European and US ports to help retailers manage bloated inventories.
The initiative from the Danish logistics integrator comes as demand for retail-lifestyle products from Asia plummets.
In its latest Asia-Pacific market update, Maersk says volume prospects “remain weak”, and a continued slide in container spot rates “is likely”.
It warned: “The change from sudden boom into a low-demand situation will require further adjustment in customers’ sourcing and ...
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