'More pronounced' demand slump drives container spot freight rate declines
Container spot freight rates on most of the main shipping trades saw another week of ...
Ocean carriers have removed almost a quarter of their capacity from the transpacific tradelane in the past year as freight rates have sunk below pre-pandemic levels.
Results from carriers operating on the transpacific are, at best, breaking even, prompting them to reassess their network coverage and redeploy tonnage on more lucrative routes, such as Asia to the Mediterranean.
An analysis by Alphaliner found that the average weekly slots available from Asia to North America had dropped to 516,160 teu, a 23.3% decrease ...
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