Gemini carriers cut back port calls on challenging southern India trade
Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, ...
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By Mike Wackett
With container spot rates from Asia to the Mediterranean having fallen below $2,000 per 40ft, Maersk has announced an increase in its FAK rates that will see shippers asked to pay $3,600 to some ports next month.
Ocean carriers have upgraded services and increased capacity on sailings between Asia and Mediterranean ports after demand proved more robust than for North Europe.
Indeed, Maersk said in June it was “proactively working on additional capacity to cater for customer demand” on the route, while ...
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