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 ...
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By Mike Wackett
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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