Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
© Denys Yelmanov
By Mike Wackett
Asia-Europe and transpacific ocean carriers are being forced into a new wave of blank sailings as the coronavirus lockdowns shift from China to Europe and the US, dramatically curtailing consumer demand.
2M partners Maersk and MSC yesterday cancelled one North Europe and one Mediterranean loop scheduled to depart from China next week, and The Loadstar understands the Ocean and THE alliances are considering similar capacity reduction measures.
According to SeaIntelligence Consulting partner Lars Jensen, the 2M’s last-minute withdrawal of the AE1/Shogun loop ...
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