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 ...
Credit Pasha Hawaii
By Mike Wackett
Ad-hoc carriers prepared to pay colossal daily rates for three-month hire of panamax containerships have disrupted the charter market, obliging liner companies to raid services for tonnage to start new loops.
The workhorse 4,000-5,000 teu ships – destined for the scrapyards just a few years ago – have a new lease of life, due to a dearth of open tonnage and a huge spike in global freight rates that reset the economy-of-scale ship selection criteria across tradelanes.
US niche logistics operator Pasha ...
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