TPM: Weak Asia-Europe rates don't mean it's a weak market
The recent spot rate weakness on the main east-west container should not be mistaken for ...
As consumer demand in Europe and North America drops off a cliff, fears have grown among logistics operators of an impending container congestion crisis at import destinations as shipments arranged before widespread social lockdowns have continued towards their destinations.
In response, MSC has introduced a suspension of transit (SOT) programme to help shippers and their freight service providers prevent container exports out of Asia building up at ports, by offering terminal yard storage capacity.
The line has secured capacity at some of ...
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