Carriers could correct charter market boom
A charter market correction could be looming amid the deterioration in spot rates. Citing the ...
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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