Red Sea crisis forces Maersk to increase capacity over strategy limit
Maersk Line appears to have temporarily abandoned its strategy of maintaining capacity at no more ...
By Mike Wackett
Container spot rates are falling fast on all export routes from China in what should normally be the peak season for demand.
According to today’s reading of the Ningbo Containerized Freight Index (NCFI), all 21 of the routes it covers were trending in the red.
In particular, the NCFI commentary noted, the North Europe and Mediterranean routes were “over-supplied” and demand for transpacific services was “in the doldrums”.
Alongside headlines of another tranche of record eye-watering quarterly profits posted by ocean carriers this ...
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