Blanked voyages fail to halt sliding spot rates, and March GRIs will be resisted
Blanked sailings and general rate increases (GRIs) have failed to arrest the drop in Asia-North ...
Photo: VesselFinder
By Alison Koo
The Mustang, MSC’s long-planned China-US West Coast service, seems to have dropped out of sight amid tumbling transpacific freight rates.
Mustang was launched in October 2021 and pulled the following June when the pandemic-induced boom faded.
As the Red Sea crisis generated another boom in freight rates, MSC attempted to relaunch Mustang last July, but congestion around Singapore delayed the service, then scheduled to call at Yantian, Ningbo, Shanghai, and Long Beach.
Linerlytica notes today ...
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