New ocean capacity dump wipes out transpac gains
Within a month, liner operators have lost the gains they achieved on the transpacific. While the ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
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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