Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
With the Red Sea crisis continuing to artificially prop up container spot rates, carriers have ...
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By Alex Lennane
In its latest container insight, Drewry makes the point that significant economies of scale on the transpacific, plus careful decisions on port calls, mean that Maersk, MSC and CMA CGM will be able to “ride out the current eastbound freight rate war”. The consultancy adds that as smaller vessels (less than 10,000 teu) are cascaded from Asia-Europe to the transpacific lanes, the pressure on small shipping lines will simply increase. An interesting article.
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