'Another painful headache for shippers' as Asia-N Europe rate rally ends
It seems the recent container freight spot rate rally on the Asia-North Europe trade might ...
The unrelenting decline in container freight rates from Asia, caused by a collapse in demand, is compelling ocean carriers to blank more sailings than ever before as vessel utilisation hits new lows.
Drewry’s WCI Asia-North Europe component slumped a further 18% this week, to $2,192 per ...
Comment on this article
Surinder Pannu
November 25, 2022 at 2:44 pmAll carriers, ports, railways & railyards, truckers have looted hefty money out of importers pockets, not for any valid reason, just by greedy manipulation. Now they should be okay for 3-4 years even if they don’t run any operation. Whatever they would make, would be bonus.