News / Transatlantic carriers must change course and rethink expansion plans

Photo: VesselFinder

Transatlantic container rates from North Europe to the US east coast have fallen below pre-pandemic levels after ocean carriers pumped far too much capacity back into the tradelane.

And now, against a backdrop of poor voyage results, shipping lines are being obliged to revise their growth aspirations for the route.

Indeed, Xeneta’s XSI average spot rate from North Europe to the US east coast fell again last week, to $1,659 per 40ft, with some ‘market’ rates being offered by carriers of $1,300 ...