Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Confidence in the Panama Canal to process container vessel transits appears to have completely bombed over the past week, and there have been widespread diversions of Asia-North America east coast sailings to Suez and Indian Ocean routes.
“Multiple carriers have revealed changes to imminent voyages by removing the Panama Canal, signalling a continued loss of confidence in the passage in the weeks to come,” eeSea operations and forecasting analyst Destine Ozuygur told The Loadstar.
“THE Alliance’s EC6 service, for example, has six ...
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