Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Photo: VesselFinder
By Mike Wackett
THE Alliance is suspending a transpacific loop in a move suggesting that carriers are now prepared to take more radical action on capacity management in order to balance supply with falling demand.
THEA members Hapag-Lloyd, ONE, Yang Ming and HMM advised today that they are suspending their PN3 loop from Asia to the North American west coast, “until further notice”, effective the first week in October, “in consideration of the present market situation”.
According to eeSea data the PN3 weekly service deploys ...
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