Russian railfreight services lose as shipment seizures drive traffic away
Russian seizures of Europe-bound railfreight shipments look set to push ever greater volumes onto the ...
The party is over for operators focusing on Russian routes: rates have halved from their peak as more opportunistic newcomers jumped into the fray, increasing shipping capacity in the space.
Information from South Korean liner operators indicates that Busan-Russian Far East rates now range between $1,200 and $2,300 per teu, down from a high of $5,700/teu in March 2022, the month after Russia invaded Ukraine.
International sanctions forced many mainline operators to suspend services to Russia, creating a vacuum that was filled ...
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