'More pronounced' demand slump drives container spot freight rate declines
Container spot freight rates on most of the main shipping trades saw another week of ...
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The freight rate war has undeniably returned to the Asia-North Europe trade as forwarders report lines voluntarily undercutting rivals in a renewed bid to win market share.
One Hamburg-based forwarder said that carriers were now offering $2,400 and below for a 40ft container from Shanghai to the German gateway. “It is worrying because several weeks ago you could see the signs that the turbulence had not left the market, despite the fact that carriers had got the rates to a level ...
Comment on this article
Barry Wallace
September 11, 2012 at 6:44 pmIf Alastair Campbell did Shipping,
“Suggestion for carrier PR campaign: Drop the term Super Slow Steaming. Adopt Fairly Fast Floating instead. Accentuate the postive people.”
Gavin van Marle
September 12, 2012 at 9:50 amComment of the week Barry!