Yang Ming says shippers taking time to commit to contracts as rates fall
Transpacific contract negotiations with shippers are taking longer as rates are expected to fall sharply, ...
So, what exactly is a sustainable container shipping freight rate level? Well, according to Maersk (of course), prices need to rise by between $300 and $500 per box on Asia-Europe to achieve that. Rates need to make it worthwhile for carriers to operate, but the other side of the equation is to limit capacity – which Maersk has done, taking one fifth of its Asia Europe trade out last year.
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