News / Major transpacific carriers expect contract earnings to soar in second half

© Volodymyr Kyrylyuk

Ocean carriers with a greater percentage of their business focused on the Asia and North America trades are likely to see the highest earnings in the second half of the year, according to Alphaliner.

“Many service contracts on this tradelane, which are usually renewed in early May, have been concluded at rates which are not far below spot freight rates,” said the consultant.

Indeed, BCOs on the transpacific have been locked into new annual contracts at much higher rates, as evidenced by ...