Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Secondary services have suffered as ocean carriers redeployed tonnage to more lucrative Asia-Europe and Asia-to-US tradelanes.
However, with port congestion on those major routes sucking in so much of their capacity, carriers are starting to reassess their networks for better opportunities.
Moreover, the blank sailings and unreliable services on other trades within their networks have opened the door for challenger operators to take market share from the established carriers.
Indeed, the VSA partnership of ONE and Hapag-Lloyd has reacted to shipper pressure to ...
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