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 ...
Photo: ONE
Japanese container carrier ONE is to exit the Indamex (India-North America) vessel sharing consortium jointly operated with Hapag-Lloyd, CMA CGM and Cosco.
Indamex – featuring two loops – has been a market share leader on the India-US east coast trade lane.
The termination follows the Singapore-headquartered line opening its standalone service connecting three western India ports – Nhava Sheva, Hazira and Mundra – to the US east coast from this month, known as WIN.
ONE previously marketed the two joint services as IEX ...
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