Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
Ocean Three member carriers CMA CGM, CSCL and UASC are the latest alliance to announce blanked sailings on the troubled Asia-North Europe trade in April and May, as anecdotal reports suggest that spot rates have plunged to dangerously sub-economic lows of below $400 per teu.
Last Friday The Loadstar reported that the maiden voyage of the 19,224 teu MSC Oliver (pictured) had been a notable casualty of the supply-demand crisis plaguing the route after being temporarily idled in China as part ...
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